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According to slow fog zone news, Electrum fake upgrade tips of the phishing attack has stolen at least 200 BTC, this attack by upgrading Electrum alone can not be avoided, the need for the entire ecological service to make corresponding changes (because Electrum this client is not a full node, and then on the transaction broadcast and the corresponding service side of the message communication, attackers can also deploy malicious server). Slow fog zones remind users that phishing attacks like Electrum require long-term vigilance. The slow fog zone has previously issued an alert for selectrum phishing updates, and hackers who attacked Electrum wallets used Electrum's software to unusually construct malicious software update prompts to induce users to update and download malware usage.

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Hackers launched a denial-of-service (DoS) attack on a well-known wallet Electrum server, according to The Devi Security Lab. Hackers used botnets of more than 140,000 computers to attack Electrum nodes and simultaneously deployed malicious nodes. When a user connects to these malicious nodes and sends a transaction using an older version of Electrum, the user is prompted to update the client carrying the backdoor. If the user installs the client as prompted, the private key is stolen and all digital assets are lost. Millions of dollars of digital currency have been stolen, according to Electrum officials. De-dimensional Security Labs recommends that users of electrum wallets be updated to the latest version of the client through the official website and never use the link in the prompt message.

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Popular wallet developer Electrum has released an emergency patch for a key vulnerability in its Bitcoin wallet. The vulnerability allows any website hosting electrum wallets to potentially steal a user's cryptocurrency. A vulnerability means that the password is exposed to the JSONRPC interface, implying that the hacker has full control over the wallet. The first patch failed to fix the problem, forcing Electrum to release a second update on Sunday night.

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Electrum is a well-known light wallet for Bitcoin that adds new features such as server authentication using SSL to prevent MITM attacks. So unlike other Bitcoin light wallets, Electrum cannot communicate directly with different versions of Bitcoin full nodes, and each startup connects to electrumserver to communicate, and electrum.