Electrum Wallet Attack May Have Stolen As Much as 245 Bitcoin

A phishing attack on the Electrum wallet network has possibly managed to steal around 245 bitcoins, worth over $880,000 at today’s prices.

Warning of the attack on Thursday, the firm tweeted: “There is an ongoing phishing attack against Electrum users. Our official website is https://electrum.org Do not download Electrum from any other source.”

The bad actor set up the attack by creating multiple fake servers on the Electrum wallet network. As a result, when wallet users that connected to those servers attempted to broadcast a bitcoin transaction, they received an error message providing a malicious link to malware disguised as an updated wallet, the firm explained on its Github page.

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