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Electrum Fixes Bitcoin Wallet Flaw That Could Turn A Fee Bump Into Theft

Electrum Fixes Bitcoin Wallet Flaw That Could Turn A Fee Bump Into Theft
Photo: NewsBTC

BTC when published $80,176Now $80,595 ▲ +0.52% since it was published

Electrum disclosed a wallet flaw on October 24 that could turn a Bitcoin fee adjustment into an unintended payment. Its advisory explains how an apparently routine approval became dangerous. TL;DR Version 4.8.3 fixes the flaw. Downloads are available from Electrum’s official site. Each transaction approval still needs its destinations and amounts checked. The dangerous moment came after the original payment The developer advisory describes malicious servers substituting an unconfirmed wallet-history entry. A user who then approved a replacement transaction to raise its fee could authorize payment to an attacker. Developers reported two affected users, including one who lost money; the disclosure does not establish a total loss figure. That distinction makes the incident different from someone simply stealing a private key.

First reported by NewsBTC. This page is a short excerpt; the full text is theirs.

Read the full story at NewsBTC (opens in a new tab)

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