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using electrum online, Using cold storage with the command line

Hackers have launched a denial-of-service (DoS) attack on a well-known wallet Electrum server, according to Hackers used a botnet of more than 140,000 computers to attack Electrum's nodes and simultaneously deployed malicious nodes. When a user connects to these malicious nodes and sends a transaction using an older version of Electrum, the user is prompted to update the Backdoor Client. If the user installs the client as prompted, the private key is stolen and all digital assets are lost. Millions of dollars of digital currency have been stolen, according to Electrum officials.

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Bitcoin wallet service Company Electrum was hacked, resulting in the loss of user funds. In response to the attack, Beosin Chengdu Chain Security analyzed that the wallet Electrum was attacked, mainly because the kivy framework used is using a standard py compiler and the wallet is not protected against secondary packaging, the core file can be directly recompiled back to the py file. Attackers can imitate the code, directly join the code to steal the user's password, key after the secondary packaging, and then cooperate with other attacks, tempt users to install the wallet implanted with malicious code, thereby stealing the user's password, key and other sensitive information.

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and Android system. Installing Electrum requires you to write down a 12-word seed to help you recover your wallet on multiple devices. If you forget your private key, this seed can also make Electrum look more human. In addition, Electrum has a "cold storage" mode where you don't have to pay Bitcoin to view your balance.