All About Lightning Electrum
Attackers reportedly implemented a compromised version of their Own Electrum server hosting to enable hacking. When users synchronize their vulnerable Electrum wallet with a malicious server, they are instructed to "update" their clients with a hacker version, which can eventually result in the immediate loss of funds contained in older versions.
Electrum is another popular Bitcoin wallet that has been around for nearly a decade. Electrum Bitcoin Wallet has been available for all devices since 2011 and was one of the most widely used wallet applications before other alternatives emerged. There are still a lot of people who are still swearing at the Electrum wallet.
Of course, there are wallets that are not designed according to BIP rules, such as Electrum, which was the first wallet to use mnic patterns, and the first determinative wallet, which was introduced in 2011, and later The micound rule BIP-39, which became a recognized industry standard with its widespread use. Electrum is similar to BIP-39's monemone rules, but BIP-39 uses a fixed set of 2048 thesavers, and Electrum uses a different thesaver, but is compatible with BIP-39's monemone thesaver, and the reverse is not compatible.
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.
The slow fog area said that the phishing attack that allegedly forged the upgrade prompt had stolen at least 200 BTCs, and that the attack could not have been avoided by upgrading Electrum alone, requiring the entire ecological service to make corresponding changes (because the Electrum client is not a full node, and then has a message on the transaction broadcast and the corresponding service side, the attacker can also deploy a malicious server). Slow fog zones remind users that phishing attacks like Electrum require long-term vigilance. The slow fog zone has previously issued an alert for selectrum phishing updates, and hackers who attacked Electrum wallets used Electrum's software to unusually construct malicious software update prompts to induce users to update and download malware usage. (Slow Fog Zone)
As mentioned earlier, because electrum light wallets are different from Bitcoin light wallets such as MultiBit or Breadwallet, they cannot communicate directly with bitcoin full nodes and can only communicate with electrum.
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.
Electrum and MyEtherWalle users face phishing attacks.
Dynamic . . . Fake Electrum website for phishing A user has stolen 700 bitcoins.
Ledger and LUBANSO for Bech32-format addresses supported by the hardware wallet. Trezor and Keepkey users can connect to electrum wallets if they want to use the Bitcoin address in this format.
Send the coin to another wallet for long-term bitcoin storage. There should be a full node behind the wallet, such as the Electrum node pointing to your own Electrum server.
As of press time, phishing attacks that forged Electrum upgrade notifications have stolen at least 1,450 BTC (the number stolen is officially counted by a user, anti-malware companies Malwarebytes and Electrum), with a total value of approximately $11.6 million. It is worth mentioning that Electrum versions lower than 3.3.4 are vulnerable to such phishing attacks. Users who use Electrum wallets should update to the latest version Electrum 3.3.8 through the official website (electrum.org). At present, v4.0.0 has not been officially released. Version, please do not use the link in the prompt message to update, so as to avoid loss of assets
2017-12-25 Verge (XVG) added 2 electrum servers to ensure smooth operation.
Last week, news of a failure of Intel's computer chips, which have remained undetected for years, shook the entire technology industry. It's a story similar to the vulnerability of electrum wallets, which some reports say have been around for more than two years. Tavis Ormandy, Google's vulnerability researcher, claims to have discovered the vulnerability, even though it was flagged last year. Within hours of Electrum being identified as a vulnerability, Electrum rushed to come up with a patch to fix it.
Users of MyEtherWallet and Electrum reported that they were facing phishing attacks.
I mentioned Parallels Desktop in the introduction to this article. I find the ability to run Windows, Mac, and Linux on the same machine useful in some cases. That said, I've been running Windows on my upstairs office Mac, one of my most fast and capacity machines. That machine is also my machine for video production.
The latest version of UBTC Electrum Light Wallet v3.2.8 is available.
You can use Security Seeds to recover your wallet on any Electrum client, even on the Electrum Wallet online web program.
To recover your Electrum Litecoin wallet, you need to perform some of the steps above again.
Star Daily News Bitcoin Wallet Electrum official Twitter announced that the next version of Electrum will support Lightning online payments. Its lightning node implementation has been consolidated into the main branch of Electrum. Electrum also confirmed that the wallet will adopt a new implementation of in-house development written using Python. (Cointelegraph)
Most SPV wallets are well implemented, with vendors getting data from multiple random servers and comparing it, using the best tools to keep your currency records accurate. Of course, Electrum /Electron Cash does a better job.
Analysis . . . Bitcoin wallet Electrum "update phishing" currency theft continues.
This makes Electrum by far the oldest wallet to use Lightning payment methods.
Electrum also integrates Lightning with hardware support. Because hardware wallets store bitcoins offline within the reach of hackers, they are considered one of the best ways to protect them.
Use BitHD shields and blades to prevent Electrum wallet "message defects" attacks.
Of course, there are wallets that are not designed according to BIP rules, such as Electrum, which was the first to use mnbike patterns, and the first determinizer wallet, which was introduced in 2011, and later Trezor's introduction of the mbike rule BIP-39, which became a recognized industry standard with its widespread use. Electrum and BIP-39's mone word rules are similar, but BIP-39 uses a fixed set of 2048 thesaver, electrum uses another thesaver, but can be compatible with BIP-39's monemone thesaver, reverse is not compatible.
According to the dimensionality reduction security laboratory (johnwick.io), hackers launched a denial of service (DoS) attack on the well-known wallet Electrum server. The hackers used a botnet of more than 140,000 computers to attack Electrum nodes and deployed malicious nodes at the same time . When users connect to these malicious nodes and use the old version of Electrum to send transactions
If passphrase protection is enabled, third-party wallets such as myTrezor.co, Electrum, or TREZOR are connected each time Trezor is connected.
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