Bitcoin (BTC) thieves are amassing a fortune in stolen crypto funds – using a devious Electrum wallet exploit that allegedly tricked one user out of a staggering BTC 1,400 (USD 16.1m).
Per a report from ZDNet, criminals have developed an “attack pattern that has been reused in multiple campaigns over the past two years,” amassing a total of USD 22m.
On the Bitcoin Abuse Database website, a number of users posted similar complaints about one wallet holder with the address bc1qcygs9dl4pqw6atc4yqudrzd76p3r9cp6xp2kny (data viewable here, via Blockchain.com), with one writing,
“Electrum doesn’t have a bug that can be exploited, it cannot be controlled remotely. It has no open vulnerability that can cause loss without a user’s action. Electrum was no more ‘hacked’ or ‘exploited’ than Gmail, Yahoo, Outlook and all financial institutions (banks, etc.) as well as various other online services are every day.”
___
Learn more:
Hackers Set Sights on Over USD 700m Bitcoin Wallet That Might Also Be Empty
Trezor Fixes New Vulnerability, KeepKey Working On It; New Malware Targets Wallets
Personal Data Leaks In Crypto Are Inevitable, Here’s What Can Be Done
Discovered Vulnerability Made Ledger to Choose Between ‘Security and Usability’
bestadmin
