A Russian hacker is believed to have stolen 1,400 Bitcoin (BTC) from a Electrum user’s wallet, according to the victim’s post made on Github on August 30.
User says that he had 1400 BTC in an Electrum wallet he had not accessed since 2017
The user had installed an old version of the wallet, which then launched a popup asking him to install the new version
After installing the new version, the BTC was immediately transferred to the hacker’s address, which N-chain analysis shows was linked to a Binance account
The trace ended in St. Petersburg, Russia, though it is suspected that a VPN was used to hide the true location
Binance CEO Changpeng Zhao said that the exchange had blacklisted the address; the Binance team added that the address does come from a specific Binance user
Other users in the Github thread have reported similar incidents, though there has been no update from Electrum
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