Specifically, Electrum is world-renowned among bitcoiners for its security safeguards and non-custodial architecture, meaning that depositors always have full control over their crypto assets, compared to centralized exchanges.Įlectrum also comes standard and pre-installed on the Tails Linux Debian portable operating system, which is favored by pro-privacy and anti-surveillance advocates, along with more sophisticated users of the dark web. ![]() Launched in 2011, Electrum is one of the oldest and most popular wallets in existence. In the hands of a blackhat, noted Michaud, the Electrum remote code execution (RCE) exploit “could have caused a lot of trouble.”įor bitcoin users, this exploit duo is consequential, given Electrum and Trezor’s adoption by more sophisticated and wealthier members of the crypto community. Eric Michaud, the co-founder of Unciphered and the ‘Off The Chain Conference’ said the Electrum vulnerability was the most significant hack disclosed by his team. Unciphered’s two bitcoin-relevant exploits targeted the widely trusted Electrum wallet and the Trezor One hardware vault. ![]() ![]() While the recovery of more than 1400 private keys from the long-defunct and non-custodial crypto wallet website Ethereumwallet represented the largest crypto sum accessed by Unciphered, the conference host also revealed significant vulnerabilities affecting the two other wallets. At the ‘Off the Chain’ Web3 security conference in San Francisco in June, Unciphered–a cryptocurrency asset recovery company–unveiled three novel exploits impacting popular (and once-popular) crypto wallets Electrum Bitcoin Wallet, Trezor One, and.
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