Researchers at the popular Bitcoin wallet app Electrum have uncovered a malicious shanzhai act aimed at stealing seed keys. The suspicious shanzhai wallet, called Electrum Pro, appeared online in March and has been labeled malware since.
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The cryptocurrencies wallet Electrum was hacked and lost 250 bitcoins.
According to NANO, its Android Wallet has released version 1.0.2 and has fixed the e-wallet seed migration vulnerability.
Experts and technology enthusiasts agree that the best way to protect cryptocurrency funds is to store them in a secure wallet, not an exchange. Why: Cryptocurrencies exchanges are vulnerable to attacks and robberies. In addition, many of them control the private key, thus maintaining control over the user's funds.
If your LN software is "offline" (for example, not actively monitoring the blockchain), you need a third party that can monitor you at all times, probably because you're running a lightweight wallet instead of actively using your wallet wallet or your LN node crashing that's what watch watch towers do.
On December 27th commentators reported on social media that a malicious group hacking the cryptocurrency wallet Electrum had stolen nearly 250 bitcoins ($937,000). It was later confirmed by Electrum that the attack included creating a fake version of the wallet and tricking users into providing password information. Hackers set up a bunch of malicious servers.
Attackers reportedly created their own Electrum servers, which hosted the attacked version of Electrum in order to implement the attack. When the user will be vulnerable.
At the time of writing, at least 1,450 BTCs worth about $11.6 million had been stolen from phishing attacks that faked Electrum upgrade tips. DeViable 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 Electrum 3.3.8 via the official website (electrum.org), which has not yet been officially released, and do not use the link in the prompt to avoid asset losses.
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.
Digital wallet developer Electrum has released an emergency patch saying it found a vulnerability that could lead any website hosting Electrum to steal a user's digital currency, exposing passwords to the JOHNSONRPC interface and ingelling hackers full control of the wallet. Earlier, Electrum released the first patch, but it didn't seem to solve the problem, and they released a second update urgently Sunday night local time.