The cryptocurrency community remains subject to a lot of potential scams in this day and age. Although that is nothing new, it would appear some of these attacks are a lot more successful than others. One recently discovered “Electrum botnet” has successfully stolen $4.6m worth of Bitcoin from victims in […]
Tag: Electrum
Electrum Wallet Botnet Infects 150,000 Machines, Steals $4.6 Million in User Funds
A botnet that has been targeting Electrum users just won’t quit. If anything, it seems to be picking up more hosts along the way and getting stronger. In the past month, the number of infected hosts has averaged 100,000. On April 24, the number went up to 152,000 according to […]
Bitcoin Wallet Electrum Suffers Massive DoS Attack, Users Lose Millions of Dollars
Electrum, a popular bitcoin wallet has suffered a denial-of-service attack. The company announced the attack on Twitter, assuring its users that its developers were working on a “more robust version of the Electrum server.” It also advised its users to disable auto-connect and select their servers manually. The source of […]
Beware of the Fake Russian Electrum Wallet
The cryptocurrency industry has always been targeted by criminals and hackers. This new form of money can be moved around the world without too much friction, which makes for an appealing opportunity. It now seems a new Electrum wallet is making the rounds on GitHub, albeit one that has nothing […]
Bitcoin Continues Descent to $3600 as Hackers Steal 200 BTC from Electrum Wallet
After a bounce-back last week to hit over $4,260, Bitcoin has continued having a lackluster week, dropping to $3,650. At press time, the currency was trading at $3,600 on Coinbase, Bitstamp, Kraken, and BitMEX. In the past six hours alone, the currency has lost $200 as the dismal end-of-year performance […]