The Bitcoin desktop wallet client Electrum has released a beta version 4.0, which adds support for several important updates such as the Lightning Network. This version is nearly a year away from the previous version of Electrum 3.3.8 (July last year)
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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.
The main reason for the Trezor vulnerability is that it does not have built-in multi-signature functionality, so its multi-signature implementation is to support Electrum extension. This led to an attack on electrum, and Trezor was affected.
The latest version of UBTC Electrum Light Wallet V3.3.3 is available for download.
One problem with Bitpay's new infrastructure is that the vast majority of Bitcoin-based wallets do not use the BIP70 payment protocol. Bitpay also detailed that it would soon need to pay for a payment agreement, leaving users with only five wallets to choose from when using Bitpay's service. Wallet customers who support BIP70 are Bitpay Wallet, Copay, Mycelium, Electrum, and Bitcoin Core Wallet.
I checked my Nayuta wallet for the last time. The transaction from my chain wallet to the LN wallet started two hours ago. Current status: Not confirmed.
Let's explain in detail why Electrum Wallet is the first choice for cryptocurrencies enthusiasts.
Electrum-LTC is Electrum's community maintenance port, Litecoin's Bitcoin wallet. It is not the official product of Electrum Technologies GmbH, and it is not supported.
BTC wallet app Electrum was attacked and users lost millions of dollars.
The latest version of UBTC Electrum Light Wallet V3.3.4 is available for download.