Electrum Wallet Phishing Attackers Steal USD 22M in Bitcoin Report

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david.escolano
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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,The wallet holder in question has received over BTC 1,509 – but has apparently taken care to keep the crypto moving, sending almost the same amount off to other addresses. ZDNet claimed it had identified tracked “multiple Bitcoin accounts where criminals have gathered stolen funds from attacks they carried out over the course of 2019 and 2020,” adding that the latest attacks had taken “as recently as September 2020.”The users claim they were presented with an apparent pop-up window asking them to download a software update for the wallet in order to complete transactions. This is part of a phishing attack that eventually prompts users to send their funds to what appears to be a series of scammers’ wallets. The same user who claims they lost BTC 1,400 in the bogus update scam expanded on the matter on a Github thread, with one developer writing,___Learn more: Hackers Set Sights on Over USD 700m Bitcoin Wallet That Might Also Be EmptyTrezor Fixes New Vulnerability, KeepKey Working On It; New Malware Targets WalletsPersonal Data Leaks In Crypto Are Inevitable, Here’s What Can Be DoneDiscovered Vulnerability Made Ledger to Choose Between 'Security and Usability'


All data is taken from the source: http://cryptonews.com
Article Link: https://cryptonews.com/news/electrum-wallet-phishing-attackers-steal-usd-22m-in-bitcoin-7980.htm


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