All About Lightning Electrum
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
The main reason for the Trezor vulnerability is that it does not have built-in multi-signature functionality, so its multi-signature implementation is to support Electrum extension. This led to an attack on electrum, and Trezor was affected.
Qtum Electrum Light Wallet fixes a number of stability vulnerabilities, see github for details.
btc data show that the current number of unconfirmed transactions across the Bitcoin network is 7,066, the memory pool unconfirmed transaction volume is on the rise, currently about 6.98 million Bytes. Bitcoin's network computing power has been on the rise for days, currently 41.28EH/s, mining difficulty of 5.11T, 24-hour trading rate of 2.82 transactions per second.
Users of cryptocurrencies Wallet Electrum and MyEtherWallet are facing phishing attacks, according to posts posted on Reddit and Twitter on February 4. The MyEtherWallet team has issued a warning about phishing emails sent to users. Electrum also posted a warning on its website informing users that the electrum version, which predies 3.3.3, is vulnerable to phishing attacks. The company warned its users not to download software updates from other sources. (Cointelegraph)
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 Wallet is fast and has 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.
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.
Electrum 0.18.8 is available for details at github.