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Light wallets such as Bitcoin's Electrum can be used with simple tree structures and SPV (Simple Payment Ensure) technology. The underlying code framework uses Bitcoin core to support multi-virtual machines such as smart contracts, EVMs, x86 VMs, etc.; Convert transactions into Ethereum accounts, and subsequent lightning networks and payment channels are expected to speed up the processing of online transactions.

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DeViable Security Labs hereby suggests that versions of Electrum below 3.3.4 are vulnerable to such phishing attacks, and users using Electrum Wallet are requested to update to the latest version of Electrum 3.3.8 via the official website (electrum.org), which has not yet been officially released, and do not use the link in the prompt to avoid asset losses.

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As of press time, phishing attacks that forged Electrum upgrade notifications have stolen at least 1,450 BTC (the number stolen is officially counted by a user, anti-malware companies Malwarebytes and Electrum), with a total value of approximately $11.6 million. It is worth mentioning that Electrum versions lower than 3.3.4 are vulnerable to such phishing attacks. Users who use Electrum wallets should update to the latest version Electrum 3.3.8 through the official website (electrum.org). At present, v4.0.0 has not been officially released. Version, please do not use the link in the prompt message to update, so as to avoid loss of assets

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The Healthy Security Lab is concerned that Nearly 250 bitcoins have been stolen in a recent hacking attack on an Electrum wallet. This attack, confirmed by Electrum, involves creating a fake version of the wallet to trick users into providing password information. Electrum responded on Twitter that "this is an ongoing phishing attack on Electrum users and advised users to download wallet apps from the official website" and that The Healthy Security Lab advised users not to install an unknown source of Electrum wallets to avoid being tricked.

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Hoenicke also points out that there are some technical "small" problems with quarantine testimony, such as a vulnerability in Litecoin Mobile Wallet Electrum-LTC that causes users to "crash" when using older versions to send quarantine witness transactions. Hoenicke also noted that some users, after using the conversion tool, confuse addresses and send bitcoins to the isolated witness address of Litecoin.