![]() You can see the details of my specific hacked transaction here: Īt the same time all of this was happening and still currently at this moment you cannot download electrum from their official website (maybe he DDOSed them? he obviously hacked into their central server to block the sends with that message so this seems like a coordinated attack to me). I kept trying to send and kept getting an error code "max fee exceeded no more than 50 sat/B" I then restored my wallet on a separate pc and found that my balance had been transferred out in full to this address: I did that and proceeded to download the application here, when I logged on it immediately asked me for my 2 factor code which I thought was a little strange as well as Electrum usually only asks for that when you attempt to send. ![]() I had to copy/paste it into my browser window. When i attempt to send I get a strange message that says "in order to send please update to the latest version here: " now this link was weird for two reasons, first off it is not the official link from the electrum site and second it didn't allow me to click it like normal links do/would. I log onto my electrum where I have about 1.4xx btc that I was trying to send. I have used electrum a lot, here is how this went down tonight. Hardware wallets - Electrum supports hardware wallets: Ledger, Trezor, Keepkey. Multi-Platform - Windows, Mac, Linux, Android Two Factor Authentication - Supports two factor authentication with Trustedcoin. ![]() MultiSignature - Require multiple wallets.Īdd-ons - Support for third-party plugins: Multisig services, Hardware wallets, etc. No Downtime - Decentralized and redundant. No Lock-In - Exportable keys to other clients. Instant - Electrum uses servers to do the heavy lifting with the Bitcoin blockchain. ( SPV)įorgiving - Fully recoverable with your backed up mnemonic seed words. Safe - Encrypted keys never leave your pc. Installed by default in Whonix-Workstation ™.The best, cutting edge thin Bitcoin wallet software. However, for best security, the official Bitcoin client (bitcoin-qt) should be seriously considered for balances of Bitcoin representing serious financial value. While Electrum has better usability (is easier to use), above warnings apply. There can be no blanket recommendation for all users which Bitcoin wallet should be used. The main server is also used to broadcast the transactions the client makes.The main server is also used for fee estimates, and is trusted with those (low-high sanity limits are applied in the client).That is, it can “forget” to mention (both confirmed and unconfirmed) transactions that are relevant to the client. The server is trusted about unconfirmed transactions.As above, confirmed transactions are verified via SPV.This means the client sacrifices some privacy to the server, as the server can now reasonably guess that all these addresses belong to the same entity. It also synchronizes the existing history of its addresses. The client subscribes to its own addresses (nit: sha256 hashes of scriptPubKeys) so that it would be notified of new transactions touching them. ![]() One of the servers, arbitrarily, is selected as the “main” server. If users are not using their own self-hosted electrum server ( ElectrumX), consider the following quote from the electrum upstream documentation Does Electrum trust servers? : It should not be viewed as a complete guide to cryptocurrency privacy and security, and does not cover all possible threats that can cause users to lose their cryptocurrency.Įlectrum is configured by electrum upstream default to use public third party servers. Warning: This documentation is not comprehensive.
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