Electrum Imposter Shuts Down Website after Being Exposed as ‘Bitcoin-Stealing Malware’

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Copycat bitcoin pocketbook service “Electrum Pro” has shut down its website after the company it was venturing to impersonate released evidence demonstrating its software was “bitcoin-stealing malware.”

As CCN reported, the span behind Electrum (electrum.org) — a popular lightweight bitcoin billfold that has been around since 2011 — released evidence on GitHub manifesting that the so-called Electrum Pro (electrum.com) was actually malware designed to hook users’ recovery seeds.

Here is a verifiable proof that “Electrum Pro”, a quack version of @ElectrumWallet, is in fact Bitcoin-stealing malware:https://t.co/FvhkTp29wI

— Electrum (@ElectrumWallet) May 9, 2018

Without considering protests to the contrary, Electrum Pro clearly intended to trick users into believing that it was an upgraded variation of the official wallet. In addition to utilizing a similar domain name, Electrum Pro’s logo and website substance gave the impression that the two projects were connected.

From an archived understanding of the Electrum Pro website:

“Electrum has been securing payments since 2011and is one of the myriad popular Bitcoin wallets. ElectrumPro is free software, released purposing the MIT license. Anyone can run an Electrum server. No single entity controls the network.”

Additionally, an beating the drum for the copycat website ranked first in Google searches for “Electrum,” which acceptable diverted many would-be users away from the official website and to its doppelganger.

The website has now been captivated down and replaced with a message from potentially-pseudonymous Electrum Pro prime mover Lucas Lofgren.

Lofgren accuses the official Electrum of slandering his estimate’s reputation and says he and his team have decided to move onto other plans He added that he will sell the electrum.com domain for 25 BTC, importance roughly $215,000 at the current exchange rate.

“Due to false accusations from electrum.org, they enjoy ruined our reputation and brand of Electrum Pro. They managed to trick some news outlets to slander us,” Lofgren wrote. “We decided to go our seperate (sic) spirit to work on different projects. Our domain ELECTRUM.COM is for sale now with a expense of 25BTC, non-negotiable.”

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