The Electrum team has announced the attack in an official tweet, saying that "this is an ongoing phishing attack on Electrum users" and reminding them to check the authenticity of the client's source before logging in. The team published its official website, and the Electrum clients downloaded elsewhere may be problematic.
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Article Link : Digital Wallet Electrum Hacked, Loss of 250 Bitcoins (Copy Link)
One victim wrote in another Reddit post: "When I logged on to the site, I was immediately asked for a 2 Factor code that I thought was a bit strange, and Electrum usually only asks when you're trying to send an email." And added.
According to the dimensionality reduction security laboratory (johnwick.io), hackers launched a denial of service (DoS) attack on the well-known wallet Electrum server. The hackers used a botnet of more than 140,000 computers to attack Electrum nodes and deployed malicious nodes at the same time . When users connect to these malicious nodes and use the old version of Electrum to send transactions
In the last six months, Electrum wallet users have lost 771 BTCs to phishing attacks.
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To understand this, we use the interoperability between Ethereum (high security) and Verge (low security) as examples: if we want to feature Ethereum on Verge, we can lock ETH and mint some ETH-XVG tokens on the Verge blockchain, but because Verge's security is low, an attacker could launch a 51% attack on Verge and send a double flower to the Ethereum blockchain, allowing the attacker to extract more ETH than he actually has.
In this demo, Electrum developer Chris Belcher shows how to set up and use an Electrum personal server.
Introduce a dynamic fee system as a free market, remove fixed fees for all transaction types, and set a minimum fee in the agreement. This minimum fee will be based on the LSK per byte used in the transaction, any transaction broadcast at a fee below this value will be rejected and the user will be free to choose the fee for each transaction.
Bitcoin wallet Electrum now supports Lightning online payments, according to Coindesk on July 11. It has previously been reported that Bitcoin Wallet Electrum has released a beta version of Electrum 4.0, adding support for the Bitcoin Lightning Network.