Hackers have launched a denial-of-service (DoS) attack on a well-known wallet Electrum server, according to Johnwick.io. 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. Devi Security Labs recommends that users of Electrum Wallet update to the latest version of the client via the official website and never use the link in the prompt message.
Electrum Litecoin maintains tamper-proof remote servers. All information is verified by Simplified Payment Verification (SPV). It provides full accessivity by allowing you to export the private key to other Litecoin clients.
In December 2018, Slow Fog first discovered and alerted an attacker to a messaging flaw using the Electrum wallet client, forcing an "update prompt" to pop up when a user transfers money, inducing users to update and download malware to carry out currency theft attacks.
May 9 (Xinhua) -- The Litecoin Foundation is moving from multi-signature Electrum-LTC wallets to BitGo's multi-signature wallets in an effort to streamline the fund's money management, officials said.
Lightning support in Electrum has been around for a long time. Thomas Voegtlin, the founder of Electrum, first told CoinDesk last summer that Lightning would take it to the next version.
In a recent announcement on Twitter, Electrum advised users to disable the automatic connection option and manually select a server, while the company is developing a more powerful Electrum.
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$dir - "$homedir/.electrum/wallets"
According to Sololin, there were 19 Bitcoin forks worldwide last year. CoinDesk data shows that there were at least 14 incidents in December. In addition to Bitcoin Cash and Bitcoin Gold, which are well known in the market, there are Bitcoin Diamonds, Bitcoin God, Bitcoin World, Super Bitcoin, Bitcoin X, Petroleum Bitcoin, Light Bitcoin and more.
According to the latest update, there is no exact time frame for when theMbleWimble implementation in Litecoin will complete.