According to a Reddit post on March 26, youTube, the video-sharing platform, allegedly miscast a malicious ad for Bitcoin (BTC) wallet Electrum.

The wallet, called Electrum, is popular with foreign netizens, but a recent phishing attack on the wallet led to the theft of a user's private key, with BTC being diverted by hackers.

Hackers discovered and targeted malicious extensions of eight major crypto wallet brands, Ledger, Safe, Jaxx, Electrum, MyEtherWallet (MEW), MetaMask, Exodus and Shapeshift KeepKey.

Popular wallet developer Electrum has released an emergency patch for a key vulnerability in its Bitcoin wallet. The vulnerability allows any website hosting electrum wallets to potentially steal a user's cryptocurrency. A vulnerability means that the password is exposed to the JSONRPC interface, implying that the hacker has full control over the wallet. The first patch failed to fix the problem, forcing Electrum to release a second update on Sunday night.

In short, if you are looking for a Bitcoin wallet, then you must try Electrum.

Click to get the Electrum Personal Server source code and the Electrum Wallet source code.

In the last six months, Electrum wallet users have lost 771 BTCs to phishing attacks.

Forget your password, your wallet is attacked, and your hard drive looks like you can't recover it, but in David Veksler.

This isn't the first time Thatectrum has appeared in a fake version, with hackers developing a fake encrypted wallet, Electrum, in December, resulting in the theft of nearly 250 bitcoins worth about $1 million. In January, GitHub discovered a fake Electrum wallet called "Electrvm" designed to steal users' money. In February, users of encrypted wallets Electrum and MyEtherWallet reported that they were facing phishing attacks.

Bitcoin Wallet Electrum has released a 4.0 beta version with new updates that support Lightning Networks and more.