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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.

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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.