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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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Now we're going to detail how to create a secure Bitcoin wallet with a cheap USB stick. There are several different wallets that can be downloaded for installation, and in this demonstration we'll use the Electrum wallet. Other lightweight Bitcoin clients follow similar installers.