Fake wallet update steals 1400 Bitcoin ($16 million) from Electrum user

Fake wallet update steals 1400 Bitcoin ($16 million) from Electrum user

Github users have identified the wallets where the scammer has transferred stolen Bitcoin.


There are 3 types of regrets in Bitcoin. One is of those who brought it early on but then sold it only to watch it skyrocket (remembering the 10,000 Bitcoins pizza man), or the individual who threw away his hard disk with $121 million worth of Bitcoin. And then we have those who through one simple mistake lost all of their holdings.


In a case of the latter, recently, we came across someone who alleges that they lost 1400 BTC, also known as FOURTEEN HUNDRED BITCOINS, in a scam.


Explaining the incident to the community on Github, the user stated that the entire ordeal happened when they tried to access their old funds which were in an Electrum wallet:



The update which they reference in the comment above was a fake one which led the user to install a fake version of the Electrum wallet. Clarified by a user named gits7r who looks like an Electrum contributor, they explain further:



Because of how peer discovery works in Electrum, there is not much we can do for old versions, since we can’t prevent them with 100% success rate to run into a malicious server. This is because, unlike oth ..

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