The cryptocurrencies wallet Electrum was hacked and lost 250 bitcoins.
pissed off electrum never confirms
The fact that not many people know is that Esplora is bundled with a based and optimized Electrum server. This Electrum server is derived from Electrs and is now maintained separately by the Blockstream engineering team. Over the past two years, Esplora has become one of the fastest and most scalable Electrum server solutions available for Bitcoin due to continuous updates and performance optimization. Esplora is also the only Electrum server that supports liquid networks.
Electrum is a well-known light wallet for Bitcoin that adds new features such as server authentication using SSL to prevent MITM attacks. So unlike other Bitcoin light wallets, Electrum cannot communicate directly with different versions of Bitcoin full nodes, and each startup connects to electrumserver to communicate, and electrum.
Synchronize electrum updates that support PSBT and speed up Mnemonic decoding.
A miner's fee is a fee that Bitcoin incurs when it is "traded on a chain." Chain transactions require miners to be packaged and confirmed, so users are required to pay miners a separate "miner's fee"
A clone site masquerading as an Electrum SV wallet has emerged. The cloning site has nothing to do with electrum SV and is designed to steal tokens and create chaos in the BSV community.
At the time of writing, at least 1,450 BTCs worth about $11.6 million had been stolen from phishing attacks that faked Electrum upgrade tips. 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.
At this time, the SPV-based Electrum wallet became the new favorite of Bitcoin players. Especially for small partners who are new to Bitcoin, editors recommend using electrum wallets.
Note: Electrum-XZC is derived from Electrum and uses different seed phrase criteria, so it cannot be imported.
According to Bleeping Computer, the Bitcoin wallet app Electrom was on GitHub on May 9th, accusing a phishing product called Electrum Pro of stealing a user's seed key and registering a domain name called electrum without Electrum's permission. The Electrum team noted that there was a piece of code indicating that the counterfeit product might have taken the user's seed key and uploaded it to the electrum. Affected users should transfer funds from Bitcoin URLs managed by Eletrum Pro.