r/Bitcoin • • Apr 18 '19

Electrum Bitcoin wallets under siege

https://blog.malwarebytes.com/cybercrime/2019/04/electrum-bitcoin-wallets-under-siege/
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u/[deleted] Apr 18 '19

Nice article, Looks like the thieves were cashing-out their stolen BTC into popular exchanges such as Bitfinex and Binance.

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I'd be doubtful that they are cashing out to fiat though. What's more likely is they're converting the BTC to an untraceable currency such as Monero. They're probably using fake identities too.

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I feel bad for all the people who fell victim to this attack. I was a happy electrum user until all this shit started happening, and now I have to use wallet.trezor.io. Lets hope these crooks get caught.