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On December 27, Reddit user u/normal_rc reported that Electrum's wallet had been hacked and that nearly 250 bitcoins (243.6 BTCs, nearly $1 million) had been maliciously stolen, coinelegraph reported. Electrum then confirmed that the attack included creating a fake version of the wallet to trick users into providing password information. Electrum responded on Twitter that "this is a persistent phishing attack on Electrum users" and warned users not to download Electrum from any source other than the official website.

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In addition, small partners who have used Electrum wallets should be aware that with Thecret phrase generated by Electrum, we can recover bitcoin keys on any browser using the Bitcoin Wallet web tool. And Electrum is so secure that there is no evidence that the distributed attack prevention system designed by Dark Wallet will be due to Electrum.