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A botnet with more than 140,000 machines has launched a DoS attack on the server of Bitcoin wallet Electrum in an attempt to direct users to software versions designed to steal bitcoins, Theextweb reported. Electrum users have been advised to take extra care when using the platform until the issue is resolved. Security researchers familiar with the matter say that if a user installs a fake version of Electrum, all funds contained in the old version will be lost immediately.

r/TREZOR - Using TREZOR with Electrum v3

Recommendation: Use hardware or cold storage wallets. Unmanaged wallets Armory, Exodus, and Electrum are secure and can be used as desktop applications. However, perhaps the safest way to save digital currencies is through offline wallets, such as hardware: Ledger and Trezor.

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Electrum tweeted today about the incident, saying it was "a persistent phishing attack on Electrum users" and imploring users to check the effectiveness of the resources they log on to.

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The so-called forward proxy, my understanding is the agent at the client. For example, a proxy that can be configured in a browser to access certain websites belongs to a forward agent, but generally does not say that the forward agent is a proxy, that is, the default proxy is forward.

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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.