electrum sent to unsupported old seed version

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Electrum wallets have been hacked in recent days and nearly 250 bitcoins have been stolen, according to blockchain security team Devi Security Labs. 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." Mars Finance reminds users not to install electrum wallets from unknown sources.

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Wallet developer Electrum has released an emergency patch for a key vulnerability in bitcoin wallets. The vulnerability makes it possible for any website hosting an e-wallet to steal a user's cryptocurrency. The vulnerability means that in the JSONRPC interface, the password is exposed, implying that the hacker has full control of the wallet. However, the first patch failed to resolve the issue, forcing Electrum to release a second update on Sunday night.