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Author Topic: Lost money?  (Read 116 times)
fredsgarden
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January 11, 2020, 08:49:55 PM
Merited by OmegaStarScream (1)
 #1

I tried (first time) sending $250.08 USD from Coinbase to my first Electrum wallet. Coinbase shows I sent -0.03169233 BTC a few days ago. Status Complete.  But -- my Electrum wallet now shows a balance of 31.67518 mBTC.
I have no idea what's going on.
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January 11, 2020, 09:02:27 PM
Merited by Abdussamad (2), OmegaStarScream (1), Coolcryptovator (1)
 #2

31 mBTC is equal to $250 USD, so don't panic, your money is in your wallet.

mBTC stands for milli-bitcoin. 1 mBTC is 0.001 BTC, so 31.67518 mBTC is equal to 0.03167518 BTC, which is currently equal to $258 USD.

In Electrum, you can click on Tools -> Preferences -> General, and change your "Base unit" to BTC if you prefer. You can also click on Tools -> Preferences -> Fiat and choose USD as your "Fiat currency", and select "Show Fiat balance for addresses". This will show your individual address values, as well as your overall wallet value, in USD as well as BTC or mBTC.

clan4el
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January 12, 2020, 02:20:00 PM
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Help. I sent a certain amount of BTC from the Electrum wallet to the recipient's wallet that was not filled (it was empty), clicked the send button and the transaction went to an incomprehensible address bc1qcygs9dl4pqw6atc4yqudrzd76p3r9cp6xp2kny tell me what’s the matter? Payment has already been confirmed.
Version Electrum 4.0.
BitCryptex
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January 12, 2020, 02:22:39 PM
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Payment has already been confirmed. Version Electrum 4.0.

There is no official release of Electrum 4.0 yet. It seems that you had an old version of Electrum which was vulnerable to phishing attack which tricked users into downloading a fake version of Electrum. There is nothing you can do. Next time, download updates only from the official website and verify the installation file. Don't forget to create a new wallet.

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January 12, 2020, 02:30:38 PM
 #5

-snip- the transaction went to an incomprehensible address bc1qcygs9dl4pqw6atc4yqudrzd76p3r9cp6xp2kny tell me what’s the matter? Payment has already been confirmed.
Version Electrum 4.0.
FYI, that's a valid Bitcoin address.
It's a bech32 SegWit address and currently have 6.9BTC balance: https://www.blockchain.com/btc/address/bc1qcygs9dl4pqw6atc4yqudrzd76p3r9cp6xp2kny

Sadly the above reply is true, you've been scammed.

clan4el
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January 12, 2020, 02:33:26 PM
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And really, here is the site from which the wallet was updated https://electrumtap.info/#home, it differs from the official one. It's a fake copy?
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January 12, 2020, 02:36:01 PM
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And really, here is the site from which the wallet was updated https://electrumtap.info/#home, it differs from the official one. It's a fake copy?

It's fake. The word 'tap' didn't worry you at all? You can either access Electrum on their GitHub and compile the code on your own or download the compiled version from https://electrum.org which is the official website.

clan4el
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January 12, 2020, 02:42:24 PM
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The wallet version was 3.2.3, after which it automatically suggested updating and issued a window with download links. I didn’t even think that one could be deceived like that.
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January 12, 2020, 02:51:58 PM
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The wallet version was 3.2.3, after which it automatically suggested updating and issued a window with download links. I didn’t even think that one could be deceived like that.

Versions older than 3.3.4 are vulnerable. Since that version, Electrum has an official way of checking if there are any updates. You can see how it looks like and read more about it here. Don't forget to verify the signature of the file.

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January 12, 2020, 03:01:31 PM
Merited by BitCryptex (2)
 #10

I didn’t even think that one could be deceived like that.
To clarify; versions of Electrum prior to 3.3.4 had a feature where a server could send a message to connected users, which would appear as a pop up box. This was intended so servers could inform users of errors with the transactions they were trying to make. However, some attackers hijacked this feature and edited the error message displayed to instead give false instructions to users to update their Electrum, along with a link to a fake version. Once the users installed this fake version of Electrum, their coins would be stolen. Anyone still using a version of Electrum prior to 3.3.4 who connects to a server controlled by one of the attackers (servers are generally chosen at random when you use Electrum) will be shown this phishing message when they try to make a transaction.

So it wasn't Electrum suggesting you should update as you think. Rather it was an attacker using a now-patched feature of Electrum to send you a phishing message.

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January 12, 2020, 03:30:22 PM
 #11

Thanks for the information.
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January 12, 2020, 10:22:29 PM
 #12

~snip~

Is this your address 1CYTy5p88qs3f2chsy7USUb2nbhwLSCTkT ?
Saw this address in the recent receive transaction from bc1qcygs9dl4pqw6atc4yqudrzd76p3r9cp6xp2kny the transaction confirmed just today. So this might be your address.

Next time don't install a random Electrum wallet or use the pop-up link from the old Electrum always download it to the official Electrum as suggested above and always verify the Electrum before you install.

I just want to add this if you don't know how to verify the Electrum installer you can follow this guide below.  


- How verify Electrum signature
- How to Verify Your Electrum Wallet on Windows
- How to verify Electrum (for Windows, Linux and Mac)

Just choose any of these it will guide you to verify Electrum.

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