attack on the Electrum wallet

Another DoS attack on the Electrum wallet resulted in multimillion losses of users

Server Bitcoin wallet Electrum again underwent a denial of service (DoS) attack, the developers reported on their Twitter on April 7. According to The Next Web, the damage from the attack is currently estimated at several million dollars, and one of the users lost $ 140,000.

Another DoS attack on the Electrum wallet resulted in multimillion losses of users

Presumably, the attack was organized by a botnet, which includes more than 140,000 computers, and is aimed at stealing users’ bitcoins by redirecting them to a fake version of the wallet. The Next Web, citing an anonymous cybersecurity expert, writes that the current attack began about a week ago and is taking place at a new level..

The hackers launched their own Electrum servers, where they placed a modified version of the software. After the user’s vulnerable wallet is synchronized with the attacker’s server, he is prompted to update the client, which is then used to empty the controlled addresses.

Electrum Lead Developer Thomas Voegtlin reported that his company expects to resolve the problem in the coming hours or days. He noted that users who downloaded the client long before the latest events and did not update it in a timely manner are at the highest risk. with help official channels.

Another DoS attack on the Electrum wallet resulted in multimillion losses of users

According to the information on the Electrum website, wallets older than version 3.3 can no longer connect to the company’s public servers and need to be updated. The developers ask you to download their software only from the electrum.org website, disable the automatic server search function and connect manually.

Another DoS attack on the Electrum wallet resulted in multimillion losses of users

A similar attack on Electrum users was carried out in December Of 2018. Then the damage from the actions of cybercriminals was estimated at $ 937,000. Recently advertisements were noticed on YouTube, which also distributed malicious software..

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