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Verge officials have so far received about 21.53 million XVG (about $1.04 million) in donations, according to the wallet address at which XVG accepted the donations. Earlier, XVG said it would announce a major partnership, but asked investors to donate 75 million XVGs (about $3.08 million) to specific addresses.

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Users of Bitcoin wallet Electrum are facing a phishing attack, according to the Devi Security Lab. Hackers broadcast messages to the Electrum client through a malicious server, prompting the user to update to v4.0.0, and if the user follows the prompt to install this "backdoor-carrying client", the private key is stolen and all digital assets are stolen. At the time of writing, at least 1,450 BTCs worth about $11.6 million had been stolen from phishing attacks that faked Electrum upgrade tips. DeViable Security Labs hereby suggests that versions of Electrum below 3.3.4 are vulnerable to such phishing attacks, and users using Electrum Wallet are requested to update to the latest version of Electrum 3.3.8 via the official website (electrum.org), which has not yet been officially released, and do not use the link in the prompt to avoid asset losses.

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One of the attacks was carried out through a fake electronic wallet (XLM). The platform issued a warning that the electrum-xlm (dot) information is a bitcoin theft malware. It wrote on Twitter: 'There is no way to easily port wallet software from Bitcoin to Stellar because these are completely different projects. Please do not download the altcoin variant of Electrum unless you really know what you are doing.

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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.