Attackers reportedly created their own Electrum servers, which hosted the attacked version of Electrum in order to implement the attack. When the user will be vulnerable.
Litecoin Foundation: To simplify money management, it will migrate from electrum-LTC wallets to BitGo wallets.
This isn't the first time Thatectrum has appeared in a fake version, with hackers developing a fake encrypted wallet, Electrum, in December, resulting in the theft of nearly 250 bitcoins worth about $1 million. In January, GitHub discovered a fake Electrum wallet called "Electrvm" designed to steal users' money. In February, users of encrypted wallets Electrum and MyEtherWallet reported that they were facing phishing attacks.
Electron Cash is only a version of Electrum, so if you're used to Electrum, you won't have any problems.
B: Electrum server can customize messages to appear in the user's electrum light wallet software, giving hackers a chance to broadcast phishing messages.
Electrum-LTC is Electrum's community maintenance port, Litecoin's Bitcoin wallet. It is not the official product of Electrum Technologies GmbH, and it is not supported.
The Electrum team has announced the attack in an official tweet, saying that "this is an ongoing phishing attack on Electrum users" and reminding them to check the authenticity of the client's source before logging in. The team published its official website, and the Electrum clients downloaded elsewhere may be problematic.
Electrum 0.18.8 is available for details at github.
Cryptocurrencies Wallet Electrum has lost nearly 250 bitcoins (approximately $914,000) as a result of the new phishing attack. Electrum has confirmed the authenticity of the attack. An attacker could induce a user to provide password information by creating a fake wallet.
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 Wallet is fast and has 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.