Digital Asset
Intelligence
Security Incident · Wallet

Electrum Fake software updates: $22.00M Reported Loss

·Historical incident record

Incident Overview

An investigation by ZDNet revealed that hackers stole $22 million from users of Bitcoin wallet Electrum by enticing users to install fake software updates. And this technique was highest in 2018. Since this attack was first discovered two years ago, the Electrum team has taken some measures to prevent this attack. But this attack still applies to users who use older versions of the application.

Sources & References

Original incident referencehttps://www.zdnet.com/article/bitcoin-wallet-trick-has-netted-criminals-more-than-22-million/ (opens in a new tab)

This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.

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