Electrum wallet fixes security flaw after hackers steal Bitcoin

Electrum has released version 4.8.3 to fix a high-severity Bitcoin wallet vulnerability that malicious servers have exploited to redirect user payments, with developers confirming at least one case of stolen funds. The security patch verifies signatures on unconfirmed transactions spending coins controlled by the wallet.

According to the wallet’s October 24 security advisory, attackers exploited how Electrum handled unconfirmed Bitcoin transactions, replacing legitimate outgoing payments with fraudulent ones that users could