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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Bitcoin wallet Electrum was hacked and at least 1,450 bitcoins were stolen.
Wallet, Coldlar, Electrum, Huobi.
Of course, there are wallets that are not designed according to BIP rules, such as Electrum, which was the first wallet to use mnic patterns, and the first determinative wallet, which was introduced in 2011, and later The micound rule BIP-39, which became a recognized industry standard with its widespread use. Electrum is similar to BIP-39's monemone rules, but BIP-39 uses a fixed set of 2048 thesavers, and Electrum uses a different thesaver, but is compatible with BIP-39's monemone thesaver, and the reverse is not compatible.
The Healthy Security Lab is concerned that Nearly 250 bitcoins have been stolen in a recent hacking attack on an Electrum wallet. This attack, confirmed by Electrum, involves creating a fake version of the wallet to trick users into providing password information. Electrum responded on Twitter that it was an ongoing phishing attack on Electrum users and advised them to download wallets from the official website.
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.
Google researcher Tavis Ormandy discovered the Bitcoin wallet Electrum.
Maralk Squires, an early Bitcoin player who is currently developing a secure Bitcoin wallet system, suggests building a physical wallet with Arch Linux guidance, but never going online. Unfortunately, most people can't make that choice. At present, most users lack the means to store virtual assets securely.
The world-renowned Bitcoin wallet Electrum "update phishing" currency theft continues.
If someone's Electrum wallet connects to one of these servers and tries to send a BTC transaction, they see an official message telling them to update their Electrum wallet, as well as a scam URL.