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Summary: According to a Reddit post on March 26, youTube, the video-sharing platform, allegedly miscast malicious ads about Electrum, a Bitcoin (BTC) wallet. In a Reddit post, a user named mrsxeplatypus alerts the public about malware and describes how scam ads work: malicious ads masquerade as an Electrum ad, even showing positive links.

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Electrum is a popular software wallet that works by connecting to a dedicated server. These servers receive a hash of the Bitcoin address in the wallet and reply with transaction information. Electrum wallets are fast and have few resources, but by default, it connects to these servers and can easily monitor users. In addition to Electrum, some other software uses public Electrum servers. By 2019, it is a faster and better alternative to BIP37.