elwctrum how to send money to electrum wallet

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Abstract: On December 27, commentators reported on social media that a malicious group hacking the cryptocurrency wallet Electrum had stolen nearly 250 bitcoins (about $937,000). The attack was later confirmed by Electrum, which created a fake version of the wallet to trick users into providing password information. "Hackers set up a bunch of malicious servers," Reddit user u/normal_r.

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The cryptocurrencies wallet Electrum has lost nearly 250 bitcoins ($914,000) as a result of the new phishing attack. Electrum has confirmed the authenticity of the attack. An attacker could induce a user to provide password information by creating a fake wallet.

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Electrum Bitcoin Wallet is a reliable service that has been around since 2011. It is called a "thin" cold wallet, where the entire blockchain is not downloaded to the user's device but stored on a network server. In this case, the private key is stored encrypted on the user's computer and is never sent to the server.