Electrum is a world-renowned Bitcoin light wallet with a long history of multi-signature support and a very broad user base, many of which like to use Electrum as a cold wallet or multi-signature wallet for Bitcoin or even USDT (Omni). Based on this usage scenario, Electrum is used less frequently on the user's computer. The current version of Electrum is 3.3.8, and previous versions of 3.3.4 are known to have "message defects" that allow an attacker to send an "update prompt" through a malicious ElectrumX server. This "update tip" is very confusing to the user, and if you follow the prompt to download the so-called new version of Electrum, you may be tricked. According to user feedback, because of this attack, stolen bitcoins are in the four digits or more. This captured currency theft attack is not stealing the private key (electrum's private key is generally stored with two-factor encryption), but replaces the transfer destination address when the user initiates the transfer. Here we remind users that when transferring money, special attention needs to be paid to whether the destination address has been replaced, which is a very popular method of currency theft recently. It is also recommended that users use hardware wallets such as Ledger, and if you pair it with Electrum, although the private key does not have any security issues, you should also be alert to the replacement of the destination address.
how to view private keys from electrum wallet
Bitcoin wallets contain only private keys, not bitcoins. Each user has a wallet with multiple private keys. The wallet contains pairs of private and public keys. Users use these private keys to sign transactions, proving that they have the output of the transaction (that is, bitcoins in them). Bitcoin is stored in the blockchain in the form of transaction output (usually recorded as vout or txout)
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
Mnone words and private keys are the keys to your wallet and can be imported into your wallet for asset management, so be sure to back up your monemone or private key.
Electrum LTC Wallet is a desktop-based cryptocurrencies wallet that supports Litecoin. Here are some aspects of wallets: Like its predecessor, Electrum- Bitcoin Wallet, open source wallets can be found on GitHub, where anyone can view or upgrade codes.
Users can use two-factor authentication for Electrum wallets. This also adds extra security to the wallet.
qtum-electrum adds support for offline staking.
The latest version of UBTC Electrum Light Wallet V3.3.4 is available for download.
Have you ever used the Electrum Bitcoin wallet before? How do you experience and rate this wallet?