According to news on Reddit on December 27th, Electrum's wallet was hacked and nearly 250 bitcoins ($937,000) were maliciously stolen, coinelegraph reported. Electrum later confirmed that the attack included creating a fake version of the wallet and tricking users into providing password information. Reddit user u/ normal_rc that hackers set up a large number of malicious servers. Electrum responded on Twitter today that "this is a persistent phishing attack against Electrum users" and implored users to check the effectiveness of the resources they log on to.
The main reason for the Trezor vulnerability is that it does not have built-in multi-signature functionality, so its multi-signature implementation is to support Electrum extensions. This leads to an attack on Electrum, and Trezor is affected.
and open the web page, then your wallet may have been compromised. Particularly paranoid people may want to send all BTCs from their old Electrum wallets to the newly generated Electrum wallet.
The device then warns you to back up the seed phrase elsewhere, adding, "If you don't have a backup, if you lose your phone, you won't be able to get it back when you need to recover your wallet." The app also assures users that no one, including Samsung, will be able to access your wallet unless they have the corresponding seed phrase.
"But when the pig flung twice, the earrings dropped..." Zhang recalled in a lecture.
To generate a seed password, the seed password consists of 12 words (Chinese, English), you can choose to back up any form according to your preferences, you can randomly change a new set of seed passwords. Find a clean sheet of paper, copy the seed password backup and click "Next"
In August-September, Bitcoin wallet Electrum was hacked twice, and according to multiple sources, at least 1,450 BTCs worth $11.6 million were stolen from phishing attacks that faked Electrum upgrade tips.
You may have noticed an important difference between the MyMonero type and the Electrum seed type. MyMonero creates a viewing private key by hashing a random integer, while the Electrum type hash pays the private key. This means that the seeds of 13 and 25 words are not compatible - it is not possible to create an Electrum type account that matches the MyMonero type account (and vice versa) because viewing key pairs is always different.
(Malware, Attack) Electrum DDoS botnet reaches 152,000 infected hosts.
Electrum was launched in 2011 with a lite version of Bitcoin wallet with an open source code under MIT licenses.