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Electrum Wallet Attack Hid Bitcoin Theft Behind a Fee Increase

News.Bitcoin.com
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Electrum Wallet Attack Hid Bitcoin Theft Behind a Fee Increase

A malicious bitcoin wallet server could quietly swap a legitimate payment for a thief’s transaction, then wait for its owner to approve the theft. Electrum’s latest security patch closes that loophole after attackers exploited the flaw and stole funds. Malicious Servers Turn Bitcoin Fee Bumps Into Theft Electrum released version 4.8.3 on Saturday, warning users […]

Key Takeaways

  1. A malicious bitcoin wallet server could quietly swap a legitimate payment for a thief’s transaction, then wait for its owner to approve the theft.
  2. Electrum’s latest security patch closes that loophole after attackers exploited the flaw and stole funds.
  3. Malicious Servers Turn Bitcoin Fee Bumps Into Theft Electrum released version 4.8.3 on Saturday, warning users […]
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Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.