Bitcoin Wallet App Caught Stealing Seed Keys

guest · May 10, 2018

Bitcoin Wallet App Caught Stealing Seed Keys
May 10, 2018
https://www.bleepingcomputer.com/news/security/bitcoin-wallet-app-caught-stealing-seed-keys/

The team behind Electrum, a Bitcoin wallet app, has exposed a copycat product named Electrum Pro as a malicious app that steals users' seed keys.
Electrum developers made their accusations in a document published on GitHub yesterday.

The document contains a step-by-step guide to decompiling a rival product named Electrum Pro that popped up online two months ago in March.
Obvious copycat is obviously malicious
The Electrum team has long suspected this is a scam product. The reasons are that the newly launched wallet app used their brand name without permission, but also registered the electrum.com domain, similar to the real Electrum domain of electrum.org, in an attempt to capitalize on the older app's reputation and trick users into using their product.
Seed key theft seen in Windows and macOS binaries
"We previously warned users against 'Electrum Pro', but we did not have formal evidence at that time," Electrum devs said.
Click to expand...

Palancar · May 10, 2018

A simple and comprehensive countermeasure is to ALWAYS GPG verify any download with "Electrum" in the wording to Thomas' GPG key (developer of Electrum). No exceptions = you are safe.

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Bitcoin Wallet App Caught Stealing Seed Keys

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