VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
▰ METHOD
Undisclosed
Root cause
Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.
Forensic narrative
An investigation by ZDNet revealed that hackers stole $22 million from users of Bitcoin wallet Electrum by enticing users to install fake software updates. And this technique was highest in 2018. Since this attack was first discovered two years ago, the Electrum team has taken some measures to prevent this attack. But this attack still applies to users who use older versions of the application. Attack method (per SlowMist): Fake software updates. Reported loss: $ 22,000,000.
Primary source
https://www.zdnet.com/article/bitcoin-wallet-trick-has-netted-criminals-more-than-22-million/ ↗Sourced from
slowmist
Technical record
- chain
- bitcoin
- protocol
- Electrum
- bug_class
- unknown
- date_occurred
- 2020-10-12
- loss_usd
- $22,000,000
- source_id
- sm:electrum::2020-10-12
Related — same bug class