Bitcoin Wallet Electrum confirms a phishing attack against its users, reminding them not to download Electrum Wallet software from any channel other than the official website. Earlier media reports said Electrum users had maliciously stolen millions of dollars worth of cryptocurrencies. Hackers create Electrum wallet software with malicious code, induce users to download, and trick users into providing login information such as passwords to commit theft.
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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.
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.
Like Bitcoin's core wallet, Electrum Wallet allows users to control their own funds and private keys. Electrum wallets' private keys can also be exported and used on other supported wallets to access funds. Electrum apps are available for Windows, Linux, OSX and Android, but do not support iOS and browser clients.
I can say that this is not the entire secure money storage solution. Electrum Wallet provides you with a user-friendly solution to send/receive Bitcoin payments on a regular basis.
As mentioned earlier, because electrum light wallets are different from Bitcoin light wallets such as MultiBit or Breadwallet, they cannot communicate directly with bitcoin full nodes and can only communicate with electrum.
The Electrum team has also been developing other features. Electrum Wallet users can view the full release notes here.
Once it hass infected a machine, the stealers to retrieve sensitive information from both Chromium-and Firefox-browser baseds (Chromium, Chrome, Opera, Comodo Dragon, Yandex, Vivaldi, Firefox, Pale Moon, Cyberfox, BlackHawk, K-Meleon, etc.), as well as from Filezilla and cryptocurrency wallets (Bitcoin Core, Ethereum, Electrum LTC, Monero, Electrum, Dash, Litecoin, ZCash, and many others)
Electrum is a software wallet. It provides more security than an online wallet, but less than a paper wallet or hardware wallet.
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.