I need to connect myself with the Piggy Maggiordomo tool at the earliest. Seems like I am always missing when someone quotes my post
That's probably because you use auto server selection and at that time got connected to a malicious server. You should not be able to use old version of Electrum older than 3.3.3 anymore as most server stop supporting them to prevent this phishing attack.
Yes, most of the time I use the auto server options so that I don't have the problem in connecting manually each time when I login. The phishing attack I am talking about was probably around a month back I guess. Most of the time, I would never disturb my offline wallet which has a little higher money. I would always have few satoshis for around $50-100 in an online wallet so that I can use them whenever I need to transact with btc.
What I don't really get here is, can't Electrum do something and emphasize on a process to verify such servers before even allowing those servers to work if we choose to Auto Connect in any version of Electrum?
If we are using SPV wallets, we are aware that we are trusting someone other than us with the money and compromising our privacy. SPV wallets just have block headers with them and they will depend on server to broadcast the transactions to other nodes, generate our wallet balances etc. If we do not want to be governed/dependant on other servers we should run our own node. We need to be aware that people running Electrum Servers can spy on us and can give away malicious links to us. Electrum can never involve in this as everything is working in a decentralized way here.
Isn't such vulnerability a crispy slap on their face that their software isn't even handled by them (for lower versions) and many already fell for this 4.0 and many other phishing issues going on nowadays.
It isn't a crispy slap, they are doing what they can by rejecting those servers but if new servers are hacked we need to be careful with it.
Come on, Bitcoin core and mycelium are also softwares but I never heard any such issues with them. I love Electrum and want to stick with it forever, but not at the cost of losing all my savings and money that I decide to keep there.
You are totally mistaking with a Full Node and a SPV wallet. Core is a full node, they don't want to be dependant on others to broadcast their transactions or view their updated balances. They have their very own version of blockchain stored locally. If we are so much concerned on privacy and security, switch on to a full node. There is no other way than this.
Here is a brief summary on why should each and every bitcoin user should run a Full Node :
https://en.bitcoin.it/wiki/Full_node#Why_should_you_use_a_full_node_walletP.S I don't use full node since I can never maintain them or sync them each and everytime for such a huge blockchain like bitcoin, but I always speak in favour of a full node rather than trusting a SPV wallet