how encrypted is electrum

how encrypted is electrum?

It turns out that the FTP account password used to upload local user information, with a normal Electrum Installer file, is used once the user installs it, and sensitive information entered under Electrum is sent to a remote malicious FTP server for reception.

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The Electrum team has announced the attack in an official tweet, saying that "this is an ongoing phishing attack on Electrum users" and reminding them to check the authenticity of the client's source before logging in. The team published its official website, and the Electrum clients downloaded elsewhere may be problematic.

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Electrum wallets have been hacked in recent days and nearly 250 bitcoins have been stolen, according to blockchain security team Devi Security Labs. This attack, confirmed by Electrum, involves creating a fake version of the wallet to trick users into providing password information. Electrum responded on Twitter that "this is an ongoing phishing attack on Electrum users and advised users to download wallet apps from the official website." Mars Finance reminds users not to install electrum wallets from unknown sources.

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Verge is a privacy-conscious public ledger that is validated by blockchain technology. At its core is the creation of a centralized transaction supported by a global community. And by providing user privacy in distributed ledgers to keep the Bitcoin network alive in its envisionable state. Verge is an open source project whose code can be viewed. Users can purchase Verge tokens through exchange purchases, integrated social platform rewards, or purchases directly using the Verge Wallet app. Verge has not pre-mined, which means that all Verge developers buy the currency like everyone else. Verge supports scrypt, X17, lyra2rev2, MYR groestl, blake2s multi-algorithm mining, so anyone with different types of diggers can dig into the currency.

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Electrum can be used for Windows, Mac and Linux, as well as Android. Electrums was originally created in 2011 compared to other software wallets, and one of the biggest advantages is that its server indexes the blockchain instead of downloading the entire Bitcoin blockchain, which makes downloads faster and less downloadable. Electrum also provides many protections for your Bitcoin, including cold storage, allowing you to store Bitcoin offline, and restoring the "seeds" of Bitcoin in the event of a failure (hackers, computer corruption, etc.)