A vulnerability in the well-known Bitcoin wallet Electrum technology has exposed thousands of Bitcoin wallets.
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Before you send a transaction, check that the address you are trying to send the coin matches the address pasted in your wallet. Verify that everything is correct before clicking Send.
ZClassic (ZCL) has released a beta version of the ZCL Electrum wallet.
In early April, Cointelegraph reported that the ongoing DoS attack on the Electrum network was allegedly launched by a malicious botnet of more than 140,000 machines in order to steal a user's BTC by calling it a fake version of electrum software.
Daily Security News: Bitcoin Wallet Electrum has suffered a massive DDoS attack that has cost millions of dollars.
Creating a multi-signature wallet in Qtum Electrum is easy.
The electrum and Electrum-LTC versions below 3.3.3 are vulnerable to phishing attacks in which a malicious server displays a message asking the user to download the fake Electrum. To prevent user exposure, versions older than 3.3 can no longer connect to public servers and must be upgraded. Do not download software updates from sources other than electrum.org and electrum-ltc.org.
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Electrum-LTC is a simple but powerful Litecoin wallet. Like its predecessor, the Electrum-Bitcoin wallet, the open source wallet is available on GitHub and anyone can view or upgrade the code.
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.