Hackers to Steal 200 BTC from Electrum Users

Users with accounts affected see fake error message with fraudulent link
28 December 2018   708

Electrum wallet hacked, servers replaced with malicious versions. This, in particular, is reported by the user Reddit under the nickname Crypto God.

Electrum Wallet hacked. 200 BTC stolen so far (nearly $800,000). Details inside... from r/CryptoCurrency

According to him, the hacker installed a bunch of malicious servers. If the Electrum wallet is connected to one of these servers, then the user sees an "official" error message when performing an outgoing transaction. It also speaks of the need to update the wallet and offers to follow a fraudulent link.

Crypto God also cites one of the attacker's BTC addresses, on which 243 Bitcoins have already been accumulated.

Another Reddit user has posted a post about the problem that is similar in content. Also, the problem is actively discussed on GitHub.

Electrum representatives confirmed information about an ongoing phishing attack by providing the correct link to their official website.

Bakkt to Unveil Bitcoin Futures Test Date

Along with date announcement, COO Bakkt believes the platform will attract institutional investors and set new standards for the cryptocurrency market
14 June 2019   236

The Bakkt cryptocurrency platform has named the exact start date for testing Bitcoin futures. The first users will be allowed to test the tool on July 22.

According to Bakkt's Operations Director, Adam White, the platform will attract institutional investors and set new standards for the cryptocurrency market.

White pointed out that the wider distribution of cryptocurrencies, in particular, is hampered by unreliable pricing mechanisms and the likelihood of instantly falling rates.

Along with these problem-solving solutions that are new to digital asset markets, Bakkt also brings all the other features that institutions would expect in a versatile and broadly accessible market, including: block trades; a fee holiday through the end of the year to encourage trading; market maker incentive programs to encourage liquid markets; and integrations with ISVs and regulated brokerage platforms.

Adam White

COO, Bakkt

At Bakkt, two futures contracts will be presented - with daily and monthly settlements. Risk management and the securing mechanism for these contracts will meet the standards of the traditional derivatives market.