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In a forum post on Bitcointalk, website administrator Theymos explained: "If at any time in the past you've logged in to Electrum without a wallet password and opened a web page, your wallet might have been stolen." Particularly paranoid people may want to send all bitcoins (BTCs) from their old Electrum wallets to the newly generated Electrum wallet. "

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Bitcoin Wallet Electrum confirms a phishing attack against its users, reminding them not to download Electrum Wallet software from any channel other than the official website. Earlier media reports said Electrum users had maliciously stolen millions of dollars worth of cryptocurrencies. Hackers create Electrum wallet software with malicious code, induce users to download, and trick users into providing login information such as passwords to commit theft.