All About Lightning Electrum
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. (Stationer's House)
The Litecoin Foundation announced that it will move from electrum-LTC wallet to multi-purpose signature wallet BitGo.
Electrum's ElectrumX performs better than a personal Electrum server and includes a P2P exploration protocol that enables the wallet app of the average user to automatically find and connect to the server. These features make it a great solution for setting up public Electrum servers.
Bitcoin wallet Electrum released 4.0 beta, new support for Lightning Network and other updates
Bitcoin wallet service Company Electrum was hacked, resulting in the loss of user funds.
According to a Reddit post on March 26, youTube, the video-sharing platform, allegedly miscast a malicious ad for Bitcoin (BTC) wallet Electrum.
Electrum Wallet is one of the most popular Bitcoin wallets and has been around for several years. However, Electrum wallet users often rely on electrum servers, which presents some security and privacy trade-offs. If you use an Electrum personal server, Electrum wallet users can connect locally to their own private servers, enjoying the convenience of Electrum without any trade-offs.
If someone's Electrum wallet is connected to one of these servers and tries to send a BTC transaction, they will see an official message telling them to update their Electrum wallet, as well as a scam URL.