Electrum Bitcoin wallet users should ensure that they’re using the latest version and that it’s from an official source. If users find themselves urged to “update” by the client, they should know that there is no update mechanism within Electrum itself. This urging comes as the popular crypto wallet faces a massive DoS attack designed to trick users into installing Bitcoin-stealing malware...
An attack on the Electrum bitcoin wallet has so far netted hackers over 200 bitcoin worth around $750,000. The attack began on December 21, 2018. Though it has victimized some unsuspecting users, it can be avoided. Electrum is a Bitcoin wallet which doesn't require the user to download the full blockchain. Instead, servers remotely provide users with the blockchain and they access it through...
Copycat bitcoin wallet service “Electrum Pro” has shut down its website after the company it was attempting to impersonate released evidence demonstrating its software was “bitcoin-stealing malware.” As CCN reported, the team behind Electrum (electrum.org) -- a popular lightweight bitcoin wallet that has been around since 2011 -- released evidence on GitHub demonstrating that the so-called...
Popular bitcoin wallet service Electrum has released evidence demonstrating that copycat client "Electrum Pro" is "bitcoin-stealing malware." First launched in 2011, Electrum has long been one of bitcoin's most popular wallet clients, and many users trust the wallet for its proven security, ease-of-use, and its support for advanced features like multisig authentication and compatibility with...
South Africa’s second-largest supermarket chain store, Pick n Pay, recently started accepting bitcoin in one of its stores, according to an announcement made by payments software development firm Electrum. The goal is to, presumably, test how Pick n Pay’s customers react to the cryptocurrency so the supermarket chain can eventually start accepting it in all of its locations across South Africa...
A bit of a public service announcement today as Reddit user ZoidbergCoin reported a phishing attempt on the part of a false Electrum Twitter account. The attackers were clever, creating an exact clone of the original Electrum Twitter, but using an “I” (uppercase) instead of a lowercase “l.” On first glance, it's hard to tell the difference. For reference, Electrum is a popular lightweight bitcoin...
Independent journalist Bailey Reutzel recently wrote about the often undiscussed problem with open source software (hint: it's not open source itself). The problem she surmised (and confirmed in an interview with Digital Bazaar CEO Manu Sporny), and which many agree with after decades of seeing the cycle, is that corporations rely on open source software for their profit model but do little to...
The most recent release of the Bitcoin Core wallet allows the user to define the transaction fee they are willing to pay. The amount that a user is willing to pay does, in the end, affect the speed of their transactions. However, users who pay no fee at all are not necessarily going to be prevented from having their transactions confirmed. Liken it to a standby flight, but for currency. Also...