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Electrum Wallet is one of the most popular Bitcoin wallets and has been around for several years. However, Electrum wallet users often rely on electrum servers, which presents some security and privacy trade-offs. If you use an Electrum personal server, Electrum wallet users can connect locally to their own private servers, enjoying the convenience of Electrum without any trade-offs.

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Johnwick.io found that hackers launched a denial-of-service (DoS) attack on a well-known wallet, Electrum server. Hackers used a botnet of more than 140,000 computers to attack Electrum's 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 Backdoor Client. 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. Devi Security Labs recommends that users of Electrum Wallet update to the latest version of the client via the official website and never use the link in the prompt message.

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Electrum Wallet is one of the most popular Bitcoin wallets and has been around for several years. However, Electrum wallet users often rely on electrum servers, which presents some security and privacy trade-offs. If you use an Electrum personal server, Electrum wallet users can connect locally to their own private servers, enjoying the convenience of Electrum without any trade-offs.

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Coyno is now conducting a public test that allows users to connect to their Bitcoin wallet via a service platform. The most interesting thing about Coyn is that it has added six online wallet service providers. Armory, Bitcoin Wallet, Coinbase, Electrum, Mycelium and Trezor. In addition, Coyno CEO Levin Keller announced in a presentation at the 2015 CeBIT Conference that more online wallet providers will be added to the platform in the future.