Electrum Wallet was Vulnerable to Hackers

Written by:
Guest
Published on:
Jan/09/2018

Anyone using their Electrum wallet to fund or receive withdrawals from their online wagering accounts were ordered to upgrade to the latest patched upgrade version Saturday.


Bookmaker accepts most crypto-currencies

These instructions were given following reports that Electrum had been vulnerable to hacking over the past two years.

Apparently, having the wallet open while browsing the web allows any website to steal users’ BTC, CoinGeek.com reported. 

This urgent message also appeared on the Electrum website Sunday:

Update your #electrum wallets. Only having the program running and surfing the web can be unsafe. Any website can steal your wallet if it is not protected with a password or if it’s easy to guess it can be bruteforced #bitcoin pic.twitter.com/MYq1u9ZZbt

— h43z (@h43z) January 7, 2018

Google vulnerability researcher Tavis Ormandy was the individual who pointed out the security concern, though he noticed it last year.

The bitcoin wallet Electrum allows any website to steal your bitcoins. I was gonna report it…but there was already an open issue from last year. I pointed out this is kinda critical, and they made a new release within a few hours. Update to 3.0.4 if you use it.

— Tavis Ormandy (@taviso) January 7, 2018

- Aaron Goldstein, Gambling911.com

 

 

Business/Financial News

Bitcoin, Other Cryptocurrencies Take a Beating as India Cracks Down

Bitcoin, Other Cryptocurrencies Take a Beating as India Banks Suspend Accounts

Bitcoin was taking another beating Sunday after it appeared the cryptocurrency was making a comeback Saturday.

Over 220,000 Petitioners Want South Korea to Keep Hands Off Crypto Market

Over 220,000 Petitioners Want South Korea to Keep Hands Off Crypto Market

More than 220,000 signatures have appeared on a petition asking the South Korean government to remain "hands off" the cryptocurrency market.

U.S. Treasury Department, IRS Team Up to Regulate Crypto Exchanges in US

U.S. Treasury Department, IRS Team Up to Regulate Crypto Exchanges in US

The U.S. Treasury department and IRS will work together to help regulate and prevent bad actors from engaging in money laundering through cryptocurrency exchanges operating from the U.S., it was revealed this week.

Reason for Sharp Bitcoin Drop This Past Week Revealed

Reason for Bitcoin Sharp Price Drop This Past Week Revealed

Welcome news for cryptocurrency investors came Saturday with a sharp rise in prices across the board.

Top Pay Per Head for Raleigh Durham Area Bookies, Agents

Top Pay Per Head for Raleigh Durham Area Bookies, Agents

Bookies and agents have no shortage of top Pay Per Head platforms for which to choose from in the Raleigh Durham area.

Syndicate