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.
Cryptocurrencies Wallet Electrum has lost nearly 250 bitcoins (approximately $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.
Electrum posted a message about the incident on Twitter today, claiming that "there are currently phishing attacks against Electrum users" and imploring users to check the validity of their login information.
If someone's Electrum wallet is connected to one of these servers and tries to send a BTC transaction, they will see an official message telling them to update their Electrum wallet, as well as a scam URL.
MyMonero type: The MyMonero wallet family uses a method similar to the Electrum convention, but the seed phrase is 13 words instead of the usual 25 words. These 13 words are converted to 128-bit integers for spending and viewing key derivation. The seed integer is hashed with Keccak-256 and converted to the payment private key. The payment private key is hashed again with Keccak-256 and converted to view the private key.
Electrum LTC Wallet is a desktop-based cryptocurrencies wallet that supports Litecoin. Here are some aspects of wallets: Like its predecessor, Electrum- Bitcoin Wallet, open source wallets can be found on GitHub, where anyone can view or upgrade codes.
Patches are currently released but automatic updates have not been pushed, and it is recommended that users immediately select Check New Version to manually update to the latest version 3.3.6 in the iTerm2 directory.
In this demo, Electrum developer Chris Belcher shows how to set up and use an Electrum personal server.
You can use Security Seeds to recover your wallet on any Electrum client, even on the Electrum Wallet online web program.