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Coinbase is facing a second class action for allegedly violating unclaimed Property Law. Coinbase is known to allow users to send BTC, ETH, LTC and BCH to an external email address with a link that the recipient can click on to create a Coinbase account to claim the digital currency sent, but not every digital currency in every email is claimed, and users question whether it illegally occupies unclaimed digital currency without notifying the original sender. Coinbase is accused of benefiting from non-public information when it planned to support BCH in December.

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A botnet with more than 140,000 machines has launched a DoS attack on the server of Bitcoin wallet Electrum in an attempt to direct users to software versions designed to steal Bitcoin. Electrum users have been advised to take extra care when using the platform until the issue is resolved. Security researchers familiar with the matter say that if a user installs a fake version of Electrum, all funds contained in the old version will be lost immediately. (TNW)

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This "update prompt" is not an official act of Electrum, but a phishing attack by an attacker that exploits a message flaw on the Electrum client and the ElectrumX server, which requires the attacker to deploy the malicious ElectrumX server in advance, and the malicious server is localized by the user's Electrum client (because the Electrum client is a light wallet and the user needs the ElectrumX server to broadcast the transaction). At the time of the madness, malicious ElectrumX servers accounted for as much as 71% of the total, and the show did not fully count that hundreds of bitcoins had been stolen in this phishing attack over the past year or so.