Phishing Attack on Electrum Wallet Nets Hacker Almost $1 Million in Hours, Report

A reportedly ongoing hack against cryptocurrency wallet Electrum has seen a malicious party steal almost 250 Bitcoin (BTC) (about $937,000), commentators reported on social media Dec. 27.

Subsequently confirmed by Electrum itself, the attack consists of creating a fake version of the wallet that fools users into providing password information.

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