1400 BTC stolen from Electrum wallet

The investor revealed that he lost 1,400 BTC from a wallet he hadn't used since 2017.At the current exchange rate, it isabout $ 16 million.

In a post on GitHub, the investor said that he used an old version of the Electrum wallet when he wanted to transfer about 1 BTC, but was unable to proceed with the transaction due to the message in the pop-up window.

The message insisted on updatingapplication for security purposes before transferring money. As it turned out later, it was a trap. All bitcoins of the investor who updated the wallet were transferred to the hacker's address.

Blockstream CEO Adam Beck explains what happened by connecting to a malicious server.

This was due to the attacker's server being connected to the server, which highlights the update notification.Instead of updating the wallet, the user installs the malicious software.

Software engineer Ben Kaufman believes that the reason lies in the features of Electrum, which allow you toIt's easy for hackers to steal assets. 

Electrum wallet can connect to blockchainvia a server selected from the public list of Electrum servers. Anyone can run such a server, and some users connect to it randomly. This is used by intruders.

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