Electrum wallet user Lost $16M in Bitcoin. - page 2.

xenon131

hero member

Activity: 491

Merit: 1259

Nihil impunitum

His story surprised me a lot. Did not update since 2017 and probably doesn't read our board otherwise he would be aware of that trick with Electrum outdated version. He communicated this but many cases remain undeclared, fraudsters' business is flourishing as I can see.

AB de Royse777

legendary

Activity: 2464

Merit: 3878

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: BitSat19 on August 31, 2020, 06:14:25 AM

Just because of this I post here now time to check these things and have safety first formula as never go with unsecured links or sites because scammers and cheaters ready to steal your funds.

It has always been advised to verify the downloaded file before installing. Electrum never does auto update too. It notifies you and you will need to re-download the latest file and verify it before updating the old version.

It's very easy but unfortunately most of the people over complicate it.

crwth

copper member

Activity: 2912

Merit: 1279

https://linktr.ee/crwthopia

As someone who has that kind of amount and doesn’t know how to be safe with it says a lot. I don’t understand why he would install it without verifying the source of the installer. Instructions on How to verify is very straightforward. It's probably not going to get taken back, for sure.

At least in the article it shows that Binance is blacklisting any bitcoins that come from that exchange.

BitSat19

member

Activity: 476

Merit: 62

Quote from: AB de Royse777 on August 31, 2020, 06:11:07 AM

The entire media is trying to blame Electrum for it at-least this is the way they are creating the news. Instead of blaming Electrum then can publish an awareness news about how to safely handle bitcoin. We would not see this kind of sad stories.

I am sorry for the user who lost the 1400 BTC but it's him to be blamed here.