According to Elliptic, a blockchain analysis company, an estimated 5,500 crypto wallets have been affected by a recent attack. Here are the most important things to know about this incident:
1. The attack targeted a specific type of crypto wallet: The affected wallets were all using a specific type of software called Electrum. This software is popular among Bitcoin users because it allows for more advanced features than the standard Bitcoin wallet.
2. The attackers used a phishing scam to steal funds: The attack involved sending fake messages to Electrum users, asking them to download a software update. When users downloaded the update, it actually installed malware that stole their funds.
3. The total amount stolen is unknown: While Elliptic estimates that 5,500 wallets were affected, it’s unclear how much money was stolen in total. Some reports suggest that the attackers made off with over $4 million worth of Bitcoin.
In summary, the recent attack on Electrum wallets has affected thousands of users and highlights the importance of being vigilant when it comes to software updates and phishing scams. It’s important for crypto users to always verify the authenticity of any messages or updates they receive before downloading anything.