Hackers to Steal 200 BTC from Electrum Users

Users with accounts affected see fake error message with fraudulent link
28 December 2018   1383

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.

PBoC to Continue Anti-Crypto Propaganda

The regulator published a warning in its WeChat account called “Protection of the rights and interests of consumers of financial services”
23 March 2020   319

The People's Bank of China has returned to criticism of cryptocurrencies amid a worsening economic situation in the world.

On March 22, the regulator published a large-scale warning in its WeChat account under the heading “Protection of the rights and interests of consumers of financial services”. It describes three ways in which cryptocurrency service providers can mislead consumers.

First of all, the amount of fraud transactions with bots is serious. The average turnover rate of the top three overseas crypto currency exchanges is much higher than that of foreign licensed exchanges. Second, market manipulation exists in these exchanges where forced leveraged trading eventually causes the exchanges to explode. Third, money laundering is a big issue.


People's Bank of China

In addition, the Chinese Central Bank calls the opinion that Bitcoin may serve as a protective asset, erroneous. The regulator indicates its high volatility and recommends that citizens not follow the example of other investors and refuse to participate in cryptocurrency trading.