Electrum Wallet was Vulnerable to Hackers

Written by:
Guest
Published on:
Jan/09/2018

Anyone using their Electrum wallet to fund or receive withdrawals from their online wagering accounts were ordered to upgrade to the latest patched upgrade version Saturday.


Bookmaker accepts most crypto-currencies

These instructions were given following reports that Electrum had been vulnerable to hacking over the past two years.

Apparently, having the wallet open while browsing the web allows any website to steal users’ BTC, CoinGeek.com reported. 

This urgent message also appeared on the Electrum website Sunday:

Update your #electrum wallets. Only having the program running and surfing the web can be unsafe. Any website can steal your wallet if it is not protected with a password or if it’s easy to guess it can be bruteforced #bitcoin pic.twitter.com/MYq1u9ZZbt

— h43z (@h43z) January 7, 2018

Google vulnerability researcher Tavis Ormandy was the individual who pointed out the security concern, though he noticed it last year.

The bitcoin wallet Electrum allows any website to steal your bitcoins. I was gonna report it…but there was already an open issue from last year. I pointed out this is kinda critical, and they made a new release within a few hours. Update to 3.0.4 if you use it.

— Tavis Ormandy (@taviso) January 7, 2018

- Aaron Goldstein, Gambling911.com

 

 

Business/Financial News

Wyoming Residents Remain Locked Out of Coinbase Accounts

Wyoming Residents Remain Locked Out of Coinbase Accounts

Cryptocurrency in the state of Wyoming continues to remain in an utter state of confusion according to a recent report on ArmyOfBitcoin.com. State residents have not been able to access their cryptocurrency accounts for over two years since Coinbase decided to suspend operations in the Cowboy State.

CNBC: Bitcoin Nipping at Gold Demand

CNBC: Bitcoin Nipping at Gold Demand

Gold has surpassed many challengers over the centuries as a go-to safe haven investment.  Some investors say bitcoin is the challenger with the best chance of dethroning gold as the globe's ultimate store of value, according to CNBC. 

How to Become a Successful Bookmaker by Managing Costs

In its blog Sunday, our friends at Price Per Player write of how to become a successful bookie through common sense practices like cost management.

Japan's Cryptocurrency Exchanges Need Tighter Rules: Monex CEO

Japan's cryptocurrency exchanges should be regulated more like banks as they hold investors' assets while offering trading platforms, the chief executive of online brokerage Monex Group Inc said.

Game.com Altcoin Surges As Bitcoin Cash Rally Tries To Keep Up

Game.com Altcoin Surges As Bitcoin Cash Rally Tries To Keep Up

It has been an excellent week for cryptocurrency gamblers and day traders. According to an article on PlaySlots4RealMoney.com, The Game.com ($GTC) altcoin has been surging up for the last few days. 

Syndicate