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This isn't the first time Thatectrum has appeared in a fake version, with hackers developing a fake encrypted wallet, Electrum, in December, resulting in the theft of nearly 250 bitcoins worth about $1 million. In January, GitHub discovered a fake Electrum wallet called "Electrvm" designed to steal users' money. In February, users of encrypted wallets Electrum and MyEtherWallet reported that they were facing phishing attacks. (Stationer's House)

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On December 27, Reddit user u/normal_rc reported that Electrum's wallet had been hacked and that nearly 250 bitcoins (243.6 BTCs, nearly $1 million) had been maliciously stolen, coinelegraph reported. Electrum then confirmed that the attack included creating a fake version of the wallet to trick users into providing password information. Electrum responded on Twitter that "this is a persistent phishing attack on Electrum users" and warned users not to download Electrum from any source other than the official website.

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Recently, slow fog technology anti-money laundering (AML) system through continuous tracking found that one of the attackers wallet address bc1qcygs9dl4pqw6atc4yqurzd76p3r9cp6xp2kny has stolen more than 30 BTC, the crime lasted six months, and recently is still active. Slow Fog Technology herely reminds Electrum users of the update prompt, the new version of Electrum in this update prompt is likely to be false, if installed, please promptly transfer Bitcoin out in other security environments. At the same time, we call on the vast number of cryptocurrencies exchanges, wallets and other platforms of the AML wind control system black and monitor such as the above Bitcoin address.

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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.