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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.

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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.

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According to Bleeping Computer, the BTC wallet app Electrom accused a phishing product called Electrum Pro of stealing a user's seed key on May 9 on GitHub and registering a domain name called electrum without Electrum's permission. The Electrum team noted that there was a piece of code indicating that the counterfeit product might have taken the user's seed key and uploaded it to the electrum. Affected users should transfer funds from BTC URLs managed by Eletrum Pro.

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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.