Lost 1400 btc after using old Electrum!

[notblox1]

One guy reported he lost 1400 Bitcoins on electrum github after installing old Electrum wallet.
He reported that receiver address is:
https://blockstream.info/address/bc1qcygs9dl4pqw6atc4yqudrzd76p3r9cp6xp2kny

He first reported what happened to him in github:

I just lost 1,400 BTC via the same method described above.

https://github.com/spesmilo/electrum/issues/5072#issuecomment-683356052

I had 1,400 BTC in a wallet that I had not accessed since 2017. I foolishly installed the old version of the electrum wallet. My coins propagated. I attempted to transfer about 1 BTC however was unable to proceed. A pop-up displayed stating I was required to update my security prior to being able to transfer funds.

I installed the update which immediately triggered the transfer of my entire balance to a scammers address.

https://github.com/spesmilo/electrum/issues/5072#issuecomment-683374289

I would remind once again remind everyone to update Electrum from official website and check signature, to avoid something like this.

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[HCP]

The stuff of nightmares... That's like ~US$17 million worth of BTC at current prices!

It's just incredible that, after 18+ months, people are still getting caught out by this "hack"

[jackg]

Yeah also do a bit of research if you leave for a while and have - what is then - going to be a large amount of funds..

Ise hardware/a separate machine too if possible.

I really hope his funds at least came from mining profits and weren't bought or something.. 1400 btc could probably have been bought mortgaging a house when I got here in 2015 or investing life savings...

[coupable]

Am i the only one who think that it's stupid to get access to a treasury in this dumb way? Then suddenly after being scammed, he remembered to post about the scam in GitHub !!

This is crazy !

At least, he can claim forks of BCH and BSV even it worths nothing compared to the lost amount.

I would remind once again remind everyone to update Electrum from official website and check signature, to avoid something like this.

Not only with Electrum, this is a general rule for every wallet install/update. Especially when with a big money.

[sheenshane]

I dont know what is the reason why he can't even afford to buy a hardware wallet on his 1400 Bitcoin that has been scammed. Instead of using a hardware wallet to store his Bitcoin. The receiver address it seems moved the Bitcoin scammed. It is the same strategy, transfer into different addresses until Bitcoin can be mix into mixer service and the cashout.

I don't really understand, the victim of scam knows how to post in Github, probably he had knowledge upon storing Bitcoin in a safe wallet on this community.

[TryNinja]

Keep in mind that this guy may also be trolling and/or baiting for donations. That's not the first time something like this would happen.

[adaseb]

There is so much wrong here. Why did he need to download an older version? Why not just download the current version which doesn't have this issue?

Also why would you keep 1400 BTC on a hot computer, at the very least if you don't want to buy a hardware wallet you could use an old laptop as cold storage and just need to save the keys somewhere.

He also seems pretty calm after losing so much money. So I am very puzzled by this.

Could be a publicity stunt to get donations however... if you got 1400 BTC why would you need to beg for donations? Doesn't make sense. This made headlines everywhere, saw it on Twitter, saw it on Tradingview crypto news link, etc.

[jackg]

I dont know what is the reason why he can't even afford to buy a hardware wallet on his 1400 Bitcoin that has been scammed. Instead of using a hardware wallet to store his Bitcoin. The receiver address it seems moved the Bitcoin scammed. It is the same strategy, transfer into different addresses until Bitcoin can be mix into mixer service and the cashout.

I don't really understand, the victim of scam knows how to post in Github, probably he had knowledge upon storing Bitcoin in a safe wallet on this community.

I've stored a few thousand on a hot wallet in the past, he could've done the same? Just found his seed words from 2014, put them in and got his wallet back (or just copied the wallet file across).

Keep in mind that this guy may also be trolling and/or baiting for donations. That's not the first time something like this would happen.

Won't be the last either, it's similar to the guy who posted the signature to an address containing 1000BTC which climbed to several thousand replies at least in the space of 12 hours.