1400BTC Stolen from User, Trace Ends in Russia

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