Home » Electrum Wallet Phishing Attackers Steal USD 22M in Bitcoin
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Electrum Wallet Phishing Attackers Steal USD 22M in Bitcoin

Supply: Adobe/Maksim Kabakou

Bitcoin (BTC) thieves are amassing a fortune in stolen crypto funds – utilizing a devious Electrum pockets exploit that allegedly tricked one person out of a staggering BTC 1,400 (USD 16.1m).

Per a report from ZDNet, criminals have developed an “assault sample that has been reused in a number of campaigns over the previous two years,” amassing a complete of USD 22m.

On the Bitcoin Abuse Database web site, a variety of customers posted comparable complaints about one pockets holder with the handle bc1qcygs9dl4pqw6atc4yqudrzd76p3r9cp6xp2kny (information viewable right here, by way of Blockchain.com), with one writing,

“Electrum model three asks to be up to date, in a seemingly real manner, from this system. Transaction unattainable with out the replace. Downloaded electrum 4.0.0. exe which has no signature and is marked as malware by Avast. Consequently, authorized transactions are redirected to the above handle and the quantity is corrected to all pockets content material (minus transaction price). Please boycott that handle.”

Electrum Wallet Phishing Attackers Steal USD 22M in Bitcoin - Report 102
Supply: www.bitcoinabuse.com

The pockets holder in query has acquired over BTC 1,509 – however has apparently taken care to maintain the crypto transferring, sending virtually the identical quantity off to different addresses.

ZDNet claimed it had recognized tracked “a number of Bitcoin accounts the place criminals have gathered stolen funds from assaults they carried out over the course of 2019 and 2020,” including that the most recent assaults had taken “as just lately as September 2020.”

The customers declare they have been offered with an obvious pop-up window asking them to obtain a software program replace for the pockets with a view to full transactions. That is a part of a phishing assault that finally prompts customers to ship their funds to what seems to be a collection of scammers’ wallets.

The identical person who claims they misplaced BTC 1,400 within the bogus replace rip-off expanded on the matter on a Github thread, with one developer writing,

“Electrum would not have a bug that may be exploited, it can’t be managed remotely. It has no open vulnerability that may trigger loss and not using a person’s motion. Electrum was no extra ‘hacked’ or ‘exploited’ than Gmail, Yahoo, Outlook and all monetary establishments (banks, and so forth.) in addition to varied different on-line providers are daily.”

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Study extra:
Hackers Set Sights on Over USD 700m Bitcoin Pockets That May Additionally Be Empty
Trezor Fixes New Vulnerability, KeepKey Working On It; New Malware Targets Wallets
Private Knowledge Leaks In Crypto Are Inevitable, Right here’s What Can Be Carried out
Found Vulnerability Made Ledger to Select Between ‘Safety and Usability’

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