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Summary: According to a Reddit post on March 26, youTube, the video-sharing platform, allegedly miscast malicious ads about Electrum, a Bitcoin (BTC) wallet. In a Reddit post, a user named mrsxeplatypus alerts the public about malware and describes how scam ads work: malicious ads masquerade as an Electrum ad, even showing positive links.

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Users of Bitcoin wallet Electrum are facing phishing attacks, according to Johnwick.io. Hackers broadcast messages to electrum clients through a malicious server, prompting the user to update to v4.0.0, and if the user is prompted to install this backdoor-carrying client, the private key is stolen and all digital assets are stolen. At the time of writing, at least 1,450 BTCs worth approximately $11.6 million had been stolen from phishing attacks that forged Electrum upgrade alerts. Devi Security Labs hereby suggests that versions of Electrum below 3.3.4 are vulnerable to such phishing attacks, and users using Electrum Wallet are requested to update to the latest version of Electrum3.3.8 via the official website (electrum.org), which has not yet been officially released v4.0.0, and do not use the link in the prompt message to avoid asset losses.