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Important - Do NOT Use Electrum For Now! Huge Exploit Found! by kingscrown

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bitcoin · @kingscrown · (edited)
$451.94
Important - Do NOT Use Electrum For Now! Huge Exploit Found!
Electrum is one of the best and most popular light wallets. There was criticial bug found in it today.

If you had it running and any website open there is a chance the wallet is compromised.

https://i.imgur.com/oPXuXlB.png


The bug is fixed in spoke 3.0.4 but since it was developed fast its not sure there is no more problems found that hackers may use.
Since today the vulnerability is known to the public so many people can try to exploit them.


More info: https://github.com/spesmilo/electrum/issues/3374


https://i.imgur.com/1KJXBWC.png


If you need to access your BTC and cant wait a day or two for things to settle - download latest Electrum, close all websites (maybe even restart computer) upgrade.

## Good news - if you have password on wallet (whcih actually electrum pushed to make) you should be safe for now.

<table>
  <tr>
    <th><h1> Follow, Resteem and VOTE UP <a href="/@kingscrown">@kingscrown</a> creator of <a href="http://fuk.io" rel="noopener">http://fuk.io</a> blog for 0day cryptocurrency news and tips!</h1></th>
    <th><img src="https://steemitimages.com/0x0/https://media.giphy.com/media/3ohzdPbKlUFVsmGpq0/giphy.gif" /></th>
  </tr>
</table>
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 624 others
πŸ‘Ž  
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vote details (689)
@aamaksal · 
Thanks for information.
Please visit to my blog
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@alal · 
Wow good information.
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@andi1991a · 
as far as I have worked with the electrum wallet, I always felt kinda uncomfortable. thinking of getting your whole money into it is really scarring the shit out of me.
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@ansarmehmood · 
I like digital currency.
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@apkdl · 
nice great follow you and full vote thanks...
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@armannito · 
This exploit was aroud for a month or more, idk how come you guys know now. There is even bigger exploit then this it's just not safe. 

Don't use it in anyway guys. The site is just a dead end.
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@austinebizzy · 
This is so informative, thanks for sharing πŸ‘†πŸ‘†
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@bluehorseshoe ·
$0.34
Thank you for the heads up, I do have it on my phone.
πŸ‘  
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vote details (1)
@criptobox · 
excilent post
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@cryptacto · 
Very useful, thanks man!
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@cryptocoins2018 · 
Follow me for daily Crypto News
https://steemit.com/@cryptocoins2018
πŸ‘  ,
πŸ‘Ž  
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vote details (3)
@cryptohawk1 · 
I'm glad to hear the encryption makes it secure for now.  But this is really scary for many reasons.  Electrum's status as a high profile accepted secure wallet is bad, if a big dog is exploitable, what about smaller companies with less funds to protect against it. Also this times up days before a hard fork in BTC blockchain for BTR (BitCoib Rhodium) airdrop. BTR specifically recommended Electrum wallet for the airdrop. I hate "coincidences" like that...
πŸ‘  ,
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vote details (2)
@danny.green · 
thanks for the warning.
I recently got acquainted with this purse and was going to introduce money there in the near future. I am very glad that now, thanks to you, I know about this vulnerability.
now I will look for a more reliable alternative
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@dauerossi · 
Thanks for warning and welcome to crypto everybody, predict to see much more vulnerabilities in future.
The question everybody needs to answer, how to deal with this risk.
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@daviddivergent · 
Thank you for this information! I do have the password enabled on my wallet, however I will still be sure not to have any other websites open while in my wallet.
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@daviddkl · 
Need To Be Aware Ofcourse
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@eliasleo · 
finally someone with there head screwed on right
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@evansbrenya · 
very interesting post
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@fow · 
Wow that is scary. Hard to know what wallets/exchanges to use. Only time will prove which are the safest and most trust worthy.
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@frank1in · 
even the fact that the vulnerability has been eliminated creates a great mistrust of this wallet. But the main thing is that most users may not know about this vulnerability and get into such trouble.
Thanks for the information, as many users as possible should know it
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@grizgal ·
$0.34
This sounds like a major security hole and many people wont bother or know to upgrade.  I expect this one will run for some time yet.  I haven't heard of anyone losing coins due to this but I'm sure its only a matter of time.
πŸ‘  , , ,
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vote details (4)
@mindfreezer · 
Yeah....  only a matter of time. This is the fact. @grizgal
properties (22)
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permlinkre-grizgal-re-kingscrown-important-do-not-use-electrum-for-now-huge-exploit-found-20180107t140046292z
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@mindfreezer · 
Yeah....  only a matter of time. This is the fact. @grizgal
properties (22)
authormindfreezer
permlinkre-grizgal-re-kingscrown-important-do-not-use-electrum-for-now-huge-exploit-found-20180107t140134131z
categorybitcoin
json_metadata{"tags":["bitcoin"],"users":["grizgal"],"app":"steemit/0.1"}
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root_title"Important - Do NOT Use Electrum For Now! Huge Exploit Found!"
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@sophieareli · 
I am very new to the cryptocurrency world (as well as to Steemit). When I first heard about people receiving monetary gain for investing in coins that they believed in, I started watching CoinMarketCap.com to see if what people were saying was true.

It was really fun to see some coins climbing up the ladder in value over just a five day period. That's what got me thinking that my husband and I should take a risk and give this whole thing a try.

We don't have a wallet just yet. We are still waiting for our very first Coin Base deposit to transfer over into the crypto system. But, hearing about hackers like this is a bit discouraging.

I guess when a good hero is created, a nemesis must come along? ... I heard people should be using offline wallets to protect their investments though.

Good, @grizgal that you haven't heard of anyone losing coins over this.
πŸ‘  , ,
properties (23)
authorsophieareli
permlinkre-grizgal-re-kingscrown-important-do-not-use-electrum-for-now-huge-exploit-found-20180107t141602951z
categorybitcoin
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vote details (3)
@newageinv · 
Welcome to Steem and the crypto space!  Once you start, you should seriously consider maintaining your wallet offline.  I believe the best security is a hardware wallet like to the Ledger Nano S or Trezor.  Also, when starting to invest in anything, make sure you do your homework first and don't rely on any one source.
πŸ‘  ,
properties (23)
authornewageinv
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vote details (2)
@hafizawais · 
Good work
πŸ‘  
properties (23)
authorhafizawais
permlinkre-kingscrown-important-do-not-use-electrum-for-now-huge-exploit-found-20180107t153134479z
categorybitcoin
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vote details (1)
@hidayat4u · 
oh i have offline wallet for electronium is there any danger for offline walletsof electronium @Kingscrown
properties (22)
authorhidayat4u
permlinkre-kingscrown-important-do-not-use-electrum-for-now-huge-exploit-found-20180107t171443569z
categorybitcoin
json_metadata{"tags":["bitcoin"],"users":["kingscrown"],"app":"steemit/0.1"}
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@hishashtheminer · 
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properties (22)
authorhishashtheminer
permlinkre-kingscrown-important-do-not-use-electrum-for-now-huge-exploit-found-20180107t140215055z
categorybitcoin
json_metadata{"tags":["bitcoin"],"links":["https://www.coinbase.com/join/592806a22cc81a06aa0b44a8","https://easyworkmakemoney.wordpress.com/2018/01/07/invite-friends-and-get-free-bitcoin/","https://www.binance.com/?ref=12881218"],"app":"steemit/0.1"}
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@introvertspeaks · (edited)
Good! I don't own Bitcoins anyway.
properties (22)
authorintrovertspeaks
permlinkre-kingscrown-important-do-not-use-electrum-for-now-huge-exploit-found-20180110t014916904z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
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@investprosper · 
Thank you for selflessly sharing this information about the bug on Electrum to the Steemit community. It definitely helps everybody to keep their hard earned cryptocoins safe and sound by raising awareness of security issues!
properties (22)
authorinvestprosper
permlinkre-kingscrown-important-do-not-use-electrum-for-now-huge-exploit-found-20180107t134940396z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
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@jeline · 
Thanks @Kingscrown for sharing this vital information
properties (22)
authorjeline
permlinkre-kingscrown-important-do-not-use-electrum-for-now-huge-exploit-found-20180107t210226251z
categorybitcoin
json_metadata{"tags":["bitcoin"],"users":["kingscrown"],"app":"steemit/0.1"}
created2018-01-07 21:02:36
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@kingscrown ·
$75.18
Another upgrade needed to 3.0.5

https://i.imgur.com/6thTjI6.png
πŸ‘  , , , , , , , , ,
properties (23)
authorkingscrown
permlinkre-kingscrown-important-do-not-use-electrum-for-now-huge-exploit-found-20180108t023840750z
categorybitcoin
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vote details (10)
@l337m45732 · 
Wow, I had no idea the security issues. Thanks for the update! Moving funds and updating wallet now. No issues thankfully.
properties (22)
authorl337m45732
permlinkre-kingscrown-201817t83216806z
categorybitcoin
json_metadata{"tags":["bitcoin","blockchain","cryptocurrency","money","security"],"app":"esteem/1.5.0","format":"markdown+html","community":"esteem"}
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@ladybest · 
Wonderful post! Thanks for your enlightenment on the danger of ELectrum Wallet. By this your expert advice, I am better informed. Keep it up. I follow and upvote you.
πŸ‘  
properties (23)
authorladybest
permlinkre-kingscrown-important-do-not-use-electrum-for-now-huge-exploit-found-20180107t152314721z
categorybitcoin
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vote details (1)
@ledezmajoven · 
hello Mr. the subject published in your post is very delicate please activate the security mechanism to correct the failure and to be sure of the hacker
do not forget to follow me and I invite you to read my post
also give me up vote to help other people.
Takecare
properties (22)
authorledezmajoven
permlinkre-kingscrown-important-do-not-use-electrum-for-now-huge-exploit-found-20180107t143832525z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
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@magnulf ·
$0.07
thank you
πŸ‘  
properties (23)
authormagnulf
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categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
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vote details (1)
@mfano · 
Good information, thanks for sharing :)
πŸ‘  
properties (23)
authormfano
permlinkre-kingscrown-important-do-not-use-electrum-for-now-huge-exploit-found-20180107t144626474z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
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vote details (1)
@mindfreezer · 
Thanks for giving us a valuable awareness post. Keep it up and try to give next update.  @kingscrown
πŸ‘  
properties (23)
authormindfreezer
permlinkre-kingscrown-important-do-not-use-electrum-for-now-huge-exploit-found-20180107t135943804z
categorybitcoin
json_metadata{"tags":["bitcoin"],"users":["kingscrown"],"app":"steemit/0.1"}
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vote details (1)
@mohsin01 · 
It's gonna to bound out, for those currency
πŸ‘  
properties (23)
authormohsin01
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vote details (1)
@moxsan · 
I hope this bug is found by company itself. Hackers, Please make your weekend longer
properties (22)
authormoxsan
permlinkre-kingscrown-important-do-not-use-electrum-for-now-huge-exploit-found-20180107t140044466z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
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@napkin · 
Hey @kingscrown as you have a lot to do with exchanges and arbitrage and so on may I reccomend you https://upcoin.com/ (no ref.link) they offer 500 USD in trading fees for the next ~70.000 users?

check out in blog: https://steemit.com/free/@napkin/500-usd-free-in-trading-fees-for-upcoming-exchange
properties (22)
authornapkin
permlinkre-kingscrown-important-do-not-use-electrum-for-now-huge-exploit-found-20180107t215158218z
categorybitcoin
json_metadata{"tags":["bitcoin"],"users":["kingscrown"],"links":["https://upcoin.com/","https://steemit.com/free/@napkin/500-usd-free-in-trading-fees-for-upcoming-exchange"],"app":"steemit/0.1"}
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@nmalove · 
I heard about this earlier on, imagine loosing your hard earned coins over this. Thanks for sharing.
properties (22)
authornmalove
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json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
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@oluebubesyd · 
Electrum is actually a good wallet. I do hope they resolve this issue as soon as possible.
properties (22)
authoroluebubesyd
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@omrfrq18 · 
Thank's for this valuable information.
properties (22)
authoromrfrq18
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@pakistan786 · 
OMG what the hell why these kind of people are doing such things???
people earn money by working hard and they just snatch that money as that belongs to there father it is such a bad news for every person who is havin an account with "Electrum" and thanks to you that you have saved many people by posting this post thankful to you for such post 
stay safe
properties (22)
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@perkyyoung · 
Thanks for the information, i heard about this before and thought it was a joke but nw i know how real it is.
properties (22)
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@raoumar · 
Good information πŸ‘
properties (22)
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@raphal ·
$0.09
fucked up thats why I only trust ledger nano s
πŸ‘  
properties (23)
authorraphal
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vote details (1)
@saddam-shawamri · 
Thank you for your post :-)
πŸ‘  
properties (23)
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vote details (1)
@safetony · 
Seen this story kicking about will update thanks!
properties (22)
authorsafetony
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@sames · 
And that is why you always use passwords ;)
properties (22)
authorsames
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@shahfahad096 · 
Thanks alot for sharing Dear,God bless You
properties (22)
authorshahfahad096
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@steave · 
everyone busy in buying and selling and this important issue of security should be managed and tested in various ways to make it possible that the bitcoins are safe and sound.Authority should apply check and balance over its wallet. Nice information got from your blog. I have upvoted and follow you. Do follow me and upvote. thanx
properties (22)
authorsteave
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json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
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@sumsum007 · 
Ok
properties (22)
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@superior1 · 
Very informative, nice post. One need to be very careful.
πŸ‘  ,
properties (23)
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vote details (2)
@tanishqyeverma · 
thank you @kingscrown to breaking and fixing this news. :)
properties (22)
authortanishqyeverma
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@travelersmemoire ·
$0.07
This is a repost of a previous comment I made on a similar story but this advice still holds true.  There will always be new bugs and by using your main computer to hold crypto assets YOU ARE AT RISK!  A keylogger with a simple exploit in ANY program you have installed could mean you lose everything.

As such I’d recommend if you have a lot of money stored in wallets or even on exchanges get a crypto only PC(possible running a super security focused Linux beach) that you keep updated, have little extra software on, and turn on rarely.  It might cost a couple hundred but there’s a ton of hackers out there looking for easy money in the form of your crypto wallet.

Trezor, Ledger, etc. are always best but for some people who keep coins on exchanges, or trade a lot it isn’t an option.
πŸ‘  
properties (23)
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vote details (1)
@turkishcrew · 
Very useful. Information was. Very. Thank you @kingscrown
properties (22)
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@vali95 · 
Oh man!
Thats really bad, if your btc coins are not save!
Because many people are investing in it and if it is not secure it effect the market at some point!
Thanks @kingscrown for knowledge of electrum sir!!
properties (22)
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@valth · 
Thanks for the warning! Obviously I have encrypted my wallet with a password, but this is a bis issue nonetheless.
properties (22)
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@wajidali · 
Nice post keep it up @kingscrown
properties (22)
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@weaselhouse · (edited)
Fresh install your operating system, disable Wifi and any other networking/internet connectivity, add offline wallet generators.  Never put that computer online or on a network and that's about as secure as you can get.

I understand the convenience of keeping crypto assets in exchanges / electronic wallets, but if you're dealing with a substantial sum of money the risks just aren't worth it. Keep safe and stick to paper wallets.
πŸ‘  
properties (23)
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vote details (1)
@zakariahosen · 
Thanks for sharing very informative post .. security related..
@kingscrown
properties (22)
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Help/Feedback