![]() To limit use to ONLY your node, you will need to make one more change. Notice! At this point, your Electrum light wallet client may still use other servers for various things. If everything went correctly, you will get a green status icon and your myNode device will be acting as your Electrum Server! Enter the IP address of your myNode with port 50002. On the PC version, click on the colored icon in the bottom right to open up server settings. # Connecting an Electrum Wallet to myNode via the GUIĪt this point you can connect your Electrum light wallets to your myNode. Once the server has synced, you should see an Electrum Server status page similar to this. Your device may run slowly during this initial sync period. Depending on the speed of your device, it may take several days to fully sync Electrum. By running Electrum Server on your myNode, you can run light wallets on other devices in a trusted manner by offloading the heavy lifting to myNode.įirst, from the myNode home page click "Enable" to start running Electrum Server. When this happens, the attacker is able to send popup messages to the user and promote the Electrum wallet scam.# Electrum Server # Enabling Electrum ServerĮlectrum is a very popular light wallet that lets you use Bitcoin on your PC or mobile device without needing a full copy of the blockchain. The funds were sent to the attackers’ address.Ĭybercriminals have been using a loophole in the operating method of Electrum wallets that allow them to set up servers and wait for users to randomly connect to their network. They revealed that their Electrum Bitcoin wallet application received an update request, following which their wallets were drained of funds. Many Electrum users confirmed this study in Bitcoin abuse portals. During this period, these attacks continued to occur, with some attacks taking place as recently as last month. The website tracked multiple criminal wallets that stored these stolen cryptocurrencies during 20. Since then, this attack technique has been used across multiple campaigns to defraud crypto investors. ZDNet revealed that this technique of phishing first emerged in December 2018. The address holds 1980 BTC that are worth around $22.5 million at the current trading price. This was estimated by taking a look at the attackers’ wallet address. Upon entering this code, the user has granted the attacker permission to drain funds from his wallet.Īccording to the business technology website ZDNet, the attackers have already managed to accumulate $22 million through the Electrum Wallet scam. Once the install has finished, the application requires a one-time password (OTP) from the user. The attackers use servers to send these notifications directly through. The fake updates, prompted by the popup notifications, trick victims to install malware on their device. ![]() These popups encourage people to install fake updates, allowing them access to their computer and wallet credentials. The attackers find victims using fake Electrum servers to send pop-up messages to people using the wallet’s old version. ![]() The malicious actors are targetting users that are still using an older version of Electrum. Malware users are targetting unsuspecting crypto users through an Electrum Wallet scam asking for their credentials.
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