One of the users lost another $ 32,000 due to the vulnerability of the Bitcoin wallet Electrum The piggy bank of cybercriminals who have been exploiting the vulnerability of the Bitcoin wallet Electrum for many months has received another $ 32,000.

One of the users lost another $ 32,000 due to the vulnerability of the Bitcoin wallet Electrum

The piggy bank of cybercriminals who have been exploiting the vulnerability of the Electrum bitcoin wallet for many months has received another $ 32,000.

According to the Whale Alert service, on November 13, another transfer of 2,042 BTC was received to one of the confirmed addresses of the hackers. According to data from the cryptocurrency blockchain, the specified address has been used since mid-2019. During this time, over 106 BTC worth $ 1.7 million at the current exchange rate were transferred to it.

In mid-October, the damage from the Electrum vulnerability was estimated at more than $ 22 million. Attackers have been exploiting it since at least December 2018. In August, one of the users reported that he had lost 1,400 BTC, or about $ 16 million at the exchange rate at that time and over $ 22 million now, by downloading a vulnerable version of the wallet.

To process transactions, Electrum connects to the Bitcoin blockchain through its own network of user-supported servers. Attackers exploit this Electrum feature to launch malicious servers, waiting for unsuspecting users to accidentally connect to them. After that, they display a message on the screen of the cryptocurrency holder stating that he needs to follow the specified link to update the wallet.

After downloading the wallet from this link, the user installs a modified version of Electrum on his computer. At the first launch, the wallet asks for a one-time password. It is enough to steal bitcoins from the victim. Since the discovery of the issue, the Electrum developers have taken several measures to protect users, but it is still present in older versions of the wallet..

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