All About Lightning Electrum
DeViable Security Labs hereby suggests that versions of Electrum below 3.3.4 are vulnerable to such phishing attacks, and users using Electrum Wallet are requested to update to the latest version of Electrum 3.3.8 via the official website (electrum.org), which has not yet been officially released, and do not use the link in the prompt to avoid asset losses.
One of the oldest Bitcoin wallets, Electrum, will support the Bitcoin Lightning Network.
The cryptocurrencies wallet Electrum has lost nearly 250 bitcoins ($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.
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.
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 electrum personal servers, Electrum wallet users can connect locally to their own private servers, enjoying the convenience of Electrum without any trade-offs.
Have you ever used the Electrum Bitcoin wallet before? How do you experience and rate this wallet?