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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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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It's not hard to run your own Electrum server and point your wallet to just use it. This restores Electrum to the point where it has the same privacy and security attributes as the full node, where no one else can see the address or transaction that the wallet is interested in. Electrum then becomes an all-node wallet.
According to slow fog zone news, Electrum fake upgrade tips of the phishing attack has stolen at least 200 BTC, this attack by upgrading Electrum alone can not be avoided, the need for the entire ecological service to make corresponding changes (because Electrum this client is not a full node, and then on the transaction broadcast and the corresponding service side of the message communication, attackers can also deploy malicious server). Slow fog zones remind users that phishing attacks like Electrum require long-term vigilance. The slow fog zone has previously issued an alert for selectrum phishing updates, and hackers who attacked Electrum wallets used Electrum's software to unusually construct malicious software update prompts to induce users to update and download malware usage.
Since the end of December 2018, Bitcoin wallet Electrum users have lost 771 BTCs (worth about $4 million) in phishing attacks, according to a study released by Malwarebytes Labs. Electrum is known to implement a variant of a technology called Simplified Payment Verification (SPV), which allows users to send and receive transactions without having to download a full copy of the Bitcoin blockchain. An attacker is exploiting a vulnerability that anyone can manipulate a public Electrum peer to carry out an attack. (TNW)
Because of its faster block generation, Litecoin can handle more volume. If Bitcoin tries to match it, a major update will be required for the code that is currently running for everyone on the Bitcoin network.
The world-renowned Bitcoin wallet Electrum "update phishing" currency theft continues.
Bitcoin Wallet Electrum has been targeted by phishing hackers who used fake versions of software to trick users into lying about it.
A new version of Electrum Wallet v0.18.16 was released.