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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 Wallet is fast and has 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.

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Electrum Wallet is one of the most popular Bitcoin wallets and has been around for several years. However, Electrum wallet users often rely on Electrum servers, which presents some security and privacy trade-offs. If you use electrum personal servers, Electrum wallet users can connect locally to their own private servers, enjoying the convenience of Electrum without any trade-offs.

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Reddit users discovered that Google had accidentally promoted a malicious Bitcoin wallet on YouTube, Theenextweb reported. A malicious ad is an ad masquerading as Anectrum that even tells the user in a video how to find a real link to Electrum (electrum.org), but when the user clicks on the ad, they immediately start downloading the malicious exe file.