Warning 200 bitcoins stolen from electrum users via malicious update - page 2.

Kakmakr

legendary

Activity: 3542

Merit: 1966

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I am a bit disappointed with the Electrum wallet developers, because they knew about this on the 21st of December and they did nothing to warn people until today. Angry

The moment when this hack was brought under their attention, they should have placed a "warning" or popup in the software or on popular online platforms to inform people!

I hope this incident will be a wake-up call for them to react a lot quicker when something like this happens. Angry

CryptoBry

sr. member

Activity: 1008

Merit: 355

Quote from: elisabetheva on December 27, 2018, 09:27:14 PM

I think that strongly agree with your opinion that "we are all targets of hackers" just how we should be more careful not to be affected.
But clearly the information you provide will add to our knowledge more carefully, thank you

All Bitcoin and cryptocurrency holders can be targeted by hackers and they are doing good business with this that is why they are always investing many new ways to get into these wallet infrastructure and victimized innocent wallet holders big time. Sadly, as of now, no technology can effectively stop good hackers from doing their crazy antics. No, not even the very technology called blockchain can be helping us. I am then hoping that something concrete can be done on this big problem.

thesmallgod

full member

Activity: 1512

Merit: 129

Electrum wallet has always been targeted by hackers for a long time. Almost every year we hear news like this. The same thing happened last year. I believe it is high time people start downloading sensitive wallet from official websites and not anywhere. For God sake, crypto wallet is not a crack wallet that we can look and download from any source.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: figmentofmyass on December 27, 2018, 11:11:11 PM

Quote from: pooya87 on December 27, 2018, 10:55:19 PM

in any case the good news is that the page on github for the malicious app is removed now.

yup, but i expect another github repository to pop up (or another download site entirely). there's still dozens of malicious servers connecting to electrum wallets and the attack has proven too fruitful not to keep trying.

for what it's worth, this is the first time this feature of Electrum was exploited but this is not the first time a malicious fork of a popular project pops up on Github. so far in the past 2 years i have personally reported 6 or 7 of them to Github for removal because they were malicious and were abusing the name to fool people. one was even open source instead of only having a "release"!

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: pooya87 on December 27, 2018, 10:55:19 PM

the strange part is that people knew Electrum has no warning like that ever to tell them to upgrade their wallet but yet they clicked the link without thinking about it. also majority of those whom i know download it from the electrum.org website not github page so when they opened that link it should have looked strange to them.

in any case the good news is that the page on github for the malicious app is removed now.

Too much trust on such service and neglect any reviews before downloading anything is the most common mistake. Just to think downloading from other source will already give you the doubts
but surprisingly lots of electrum users still fall into the pit.This is way too unexpected and luckily i did neglect such warning.

Initscri

hero member

Activity: 1582

Merit: 759

Quote from: figmentofmyass on December 27, 2018, 11:11:11 PM

have the developers mentioned an ETA for fully closing this vulnerability?

This is their primary tweet + response to the incident: https://twitter.com/ElectrumWallet/status/1078319006862454785

AFAIK, no ETA released as of yet.

IMO, best solution would be to just block any notifications w/ a URL. No legitimate notification would require a URL IMO (correct me if I'm wrong though)
Or, at the very least, a message within Electrum to suggest it's a message from the server & not a message from Electrum itself (and to be careful, etc)

figmentofmyass

legendary

Activity: 1652

Merit: 1483

have the developers mentioned an ETA for fully closing this vulnerability?

Quote from: pooya87 on December 27, 2018, 10:55:19 PM

in any case the good news is that the page on github for the malicious app is removed now.

yup, but i expect another github repository to pop up (or another download site entirely). there's still dozens of malicious servers connecting to electrum wallets and the attack has proven too fruitful not to keep trying.

Quote from: bbc.reporter on December 27, 2018, 08:47:06 PM

I reckon this hack should be a lesson for us to start verifying all software we download.

and also a kick in the pants to run our own full node and electrum server rather than connecting randomly. if you use electrum with an offline signature scheme you should be safe here too.

Initscri

hero member

Activity: 1582

Merit: 759

Quote from: pooya87 on December 27, 2018, 10:55:19 PM

the strange part is that people knew Electrum has no warning like that ever to tell them to upgrade their wallet but yet they clicked the link without thinking about it. also majority of those whom i know download it from the electrum.org website not github page so when they opened that link it should have looked strange to them.

in any case the good news is that the page on github for the malicious app is removed now.

Yea, I'm kind of scared to know how effective this would have been if the attacker leveraged a phishing domain w/ a similar download page compared to Github.

It might have been a hell of a lot worse

cokroalif

member

Activity: 434

Merit: 10

I don't know why more people get to know BTC more and more thieves. it doesn't match the idea of satosi nakamoto, some of my friends were phishing just opened a site that was sent in email. really thieves target us, there is nothing safe in this world, even a private key or password can be known by thieves, maybe we should be more careful to secure our assets

pooya87

legendary

Activity: 3472

Merit: 10611

the strange part is that people knew Electrum has no warning like that ever to tell them to upgrade their wallet but yet they clicked the link without thinking about it. also majority of those whom i know download it from the electrum.org website not github page so when they opened that link it should have looked strange to them.

in any case the good news is that the page on github for the malicious app is removed now.

steampunkz

sr. member

Activity: 1162

Merit: 268

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Quote from: bbc.reporter on December 27, 2018, 08:47:06 PM

Electrum users, we are all targets by hackers. I have never experienced Electrum asking for updates from the wallet itself. Updates should be downloaded from the official website and repositories and must be verified by their checksums and the developer's PGP keys.

I reckon this hack should be a lesson for us to start verifying all software we download.

Another attack has hit the cryptospace – this time, the target was the Electrum Bitcoin Wallet. The hacker, or hackers, got away with over 200 Bitcoin (around $718,000 as of press) by urging wallet users to download and install a malicious software update, according to business technology news outlet ZDNet. The hack began last Friday, December 21, and has been temporarily halted by GitHub administrators as of today.

To acquire users' bitcoin, the attacker added several malicious servers to Electrum's network. If an initiated bitcoin transaction reached one of these servers, it would respond with an error message prompting the user to follow a GitHub link to download an update. After download, the updated app would request a two-factor authentication code, which, if provided, would allow the malicious software to transfer the user's funds into the attacker's Bitcoin addresses.

Some users even manually copy-and-pasted the link provided in the error message and downloaded the malicious update via that route.

Although GitHub eventually removed the offending repository, the Electrum team silently responded to the hack beforehand by updating the app so that the fake messages would no longer appear as formatted text, which looks more legitimate than plain text. An Electrum developer, known as SomberNight, said the team did not publicly disclose the attack until today because the hacker had apparently stopped.

However, Electrum anticipates another attack to occur using either a different GitHub repository or another download location. The malicious servers also remain on the Electrum network – in fact, Electrum developers have identified at least 33 of them. The team has not disclosed what it intends to do about these servers.

Read in full https://www.ethnews.com/200-bitcoin-stolen-from-electrum-wallet-users-via-hack

I'm glad bitcoin talk administrator already have a warning about the electrum fake update, It will prevent the majority of people and users of BTC who will fall for this scam. Good work from the team of BTT!

elisabetheva

full member

Activity: 1708

Merit: 105

I think that strongly agree with your opinion that "we are all targets of hackers" just how we should be more careful not to be affected.
But clearly the information you provide will add to our knowledge more carefully, thank you

r1s2g3

sr. member

Activity: 742

Merit: 395

I am alive but in hibernation.

Post by theymos for this phishing link:

https://bitcointalksearch.org/topic/electrum-vulnerability-allows-arbitrary-messages-phishing-5090097

Post warning about the fake Electrum wallets:
https://bitcointalksearch.org/topic/there-has-been-an-increased-number-of-fake-electrums-out-there-be-careful-5089963

Alternatively you can read multiple stories in below board how users got cheated of their BTC.

Bitcoin Forum > Bitcoin > Development & Technical Discussion > Alternative clients > Electrum

bbc.reporter

legendary

Activity: 3192

Merit: 1509

Electrum users, we are all targets by hackers. I have never experienced Electrum asking for updates from the wallet itself. Updates should be downloaded from the official website and repositories and must be verified by their checksums and the developer's PGP keys.

I reckon this hack should be a lesson for us to start verifying all software we download.

Another attack has hit the cryptospace – this time, the target was the Electrum Bitcoin Wallet. The hacker, or hackers, got away with over 200 Bitcoin (around $718,000 as of press) by urging wallet users to download and install a malicious software update, according to business technology news outlet ZDNet. The hack began last Friday, December 21, and has been temporarily halted by GitHub administrators as of today.

To acquire users' bitcoin, the attacker added several malicious servers to Electrum's network. If an initiated bitcoin transaction reached one of these servers, it would respond with an error message prompting the user to follow a GitHub link to download an update. After download, the updated app would request a two-factor authentication code, which, if provided, would allow the malicious software to transfer the user's funds into the attacker's Bitcoin addresses.

Some users even manually copy-and-pasted the link provided in the error message and downloaded the malicious update via that route.

Although GitHub eventually removed the offending repository, the Electrum team silently responded to the hack beforehand by updating the app so that the fake messages would no longer appear as formatted text, which looks more legitimate than plain text. An Electrum developer, known as SomberNight, said the team did not publicly disclose the attack until today because the hacker had apparently stopped.

However, Electrum anticipates another attack to occur using either a different GitHub repository or another download location. The malicious servers also remain on the Electrum network – in fact, Electrum developers have identified at least 33 of them. The team has not disclosed what it intends to do about these servers.

Read in full https://www.ethnews.com/200-bitcoin-stolen-from-electrum-wallet-users-via-hack

Topic: Warning 200 bitcoins stolen from electrum users via malicious update - page 2. (Read 651 times)