Slow Fog Alert: The world's leading Bitcoin wallet Electrum "updates phishing" currency theft continues.
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Slow Fog Alert: The world's leading bitcoin wallet Electrum updates the phishing theft continues.
Hackers launched a denial-of-service (DoS) attack on a well-known wallet Electrum server, according to Johnwick.io. Hackers used botnets of more than 140,000 computers to attack Electrum 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. De-dimensional Security Labs recommends that users of electrum wallets be updated to the latest version of the client through the official website and never use the link in the prompt message.
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.
Setting up electrum Bitcoin wallets is easy. Here are the detailed steps for Windows users.
A Reddit user named mrsxeplatypus posted a warning to the community describing the electrum.
Send a bitcoin (such as 50 bitcoins) to a specific Bitcoin address (i.e. lock the account). Between confirmations, these 50 bitcoins will be locked out, and anyone including you will have no control over the bitcoins in this account.
Bitcoin Wallet Electrum has released a 4.0 beta version with new updates that support Lightning Networks and more.