All About Lightning Electrum
Electrum is a well-known light wallet for Bitcoin that adds new features such as server authentication using SSL to prevent MITM attacks. So unlike other Bitcoin light wallets, Electrum cannot communicate directly with different versions of Bitcoin full nodes, and each startup connects to electrumserver to communicate, and electrum.
This isn't the first time electrum has appeared in a fake version. In December, nearly $1 million of BTC was stolen when hackers developed a fake encrypted wallet, Electrum. 1 this year.
Electrum is a popular software wallet that works by connecting to a dedicated server. These servers receive a hash of the Bitcoin address in the wallet and reply with transaction information. Electrum wallets are fast and have few resources, but by default, it connects to these servers and can easily monitor users. In addition to Electrum, some other software uses public Electrum servers. By 2019, it is a faster and better alternative to BIP37.
The electrum and Electrum-LTC versions below 3.3.3 are vulnerable to phishing attacks in which a malicious server displays a message asking the user to download the fake Electrum. To prevent user exposure, versions older than 3.3 can no longer connect to public servers and must be upgraded. Do not download software updates from sources other than electrum.org and electrum-ltc.org.
Reddit user u/normal_rc: 'The attacker set up a lot of malicious servers. Once a user's Electrum wallet is connected to these servers, they see what appears to be an official message when sending bitcoin transactions, telling them to upgrade the Electrum wallet, which actually contains a fraudulent URL.
Bitcoin Wallet Electrum will support the Lightning network in the next release, and its Lightning nodes have been merged into electrum's main branch, according to Cointegraph. Electrum also confirmed that the wallet will be written in-house development Python.
According to Whale Alert, 20:51 BST, 1200 BTC from Coinbase to 16MrRM opening address, worth approximately $8.294 million, trade hash: 5a1566804385b7c04b98bcb0de28c7bb13986e6b729c879d52af332dc508.
Attackers send phishing emails with bitcoin gold or Electrum wallets as the theme to the victim and deploy malicious programs with built-in python code through attachments or links in the messages to steal the victim's cryptocurrencies account information and passwords, and to find information about workstations and servers related to cryptocurrencies wallets through intrusions into the local network.
Chain News, lightweight Bitcoin Wallet Electrum announced that the next version will support Lightning network payment, implemented using Python, Electrum as a Lightning network node, wallet users do not need to run lightning network nodes to make payments, electrum lightning network nodes have been merged into the Electrum master branch.