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The Electrum bitcoin wallet has had a malicious server added to its software, allowing a hacker to make off with over 200 btc since December 21 2018.
CCN reports that the hack has netted the cyber criminal over 200 btc, totalling $750,000.
The hack occured on the Electrum bitcoin wallet through malicious servers that were added to the Electrum wallet network. This can be done because the Electrum wallet operates through servers instead of utilizing the full blockchain.
According to the report, the malicious software asked users to download the updated version of the wallet, which was in fact malware. The malware which operates as a clone of the Electrum wallet, would ask users to input their authentication codes. At this point the hackers would have access to users funds.
According to users, the malicious Github update has been removed. Electrum announced that software should only be downloaded from electrum.org and not Github.
There is an ongoing phishing attack against Electrum users. Our official website is https://t.co/aHiZIZH54e Do not download Electrum from any other source. More on the attack here: https://t.co/x5mPVspKfO
— Electrum (@ElectrumWallet) December 27, 2018