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BITCOIN, Jan. 8 (Reuters) - Popular wallet developer Electrum has released an emergency patch for a key vulnerability in bitcoin wallets. The vulnerability allows any website hosting an e-wallet to potentially steal a user's cryptocurrency. The vulnerability meant that the password was exposed in the JSONRPC interface, making the hacker completely in control of the wallet. However, the first patch failed to fix the problem, forcing Electrum to release an updated version again Sunday night.

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He later updated his post, adding: "If you don't have a wallet password, the theft is trivial." If your wallet password is set well, it seems that an attacker can only get address/transaction information from your wallet and change your Electrum settings, which, in my opinion, have a good chance of being further exploited by hackers. So, if you set your wallet password, you can reduce your panic to a certain extent, but you should still take it seriously. "