Post
Topic
Board Bitcoin Discussion
Re: Upgrade Stole My Bitcoin
by
Rex717
on 17/07/2020, 02:26:35 UTC
Hi Everyone,

Thanks for all your replies and kind words. Yes, it was a huge loss, and I haven't felt like coming back here (or much else) since then.

For all those comments about learning lessons. Yep, hindsight is a great teacher and I take responsibility for my own mistakes. It's certainly becoming more and more necessary to keep our eye on the ball without even blinking. Goodness, I'm getting sore eyes already! LOL

The reason that I had the BTC is that I had an investment a couple of years ago that only paid dividends in BTC, so I had to get a wallet to receive them, and Electrum seemed like the best option at the time. The value of the coins was low at the time, so I just let them sit in the hopes they would increase.

Now that I had a need, I planned to withdraw them (to help build small businesses in poor communities in India and Africa).

I started to do a test withdrawal of a small amount when I got the popup message within Electrum that a mandatory security upgrade was required before proceeding with the transfer. This didn't surprise me, because I hadn't used it for a couple of years and still had 3.2.3.

It didn't have a link, but a masked url to copy. As soon as I downloaded and installed the "upgrade", it did the transfer of everything in my wallet..... and there was frustratingly no STOP button to press while it was in process.

I must admit, the unrecoverable nature of crypto has not made the thought of trying it again very palatable, but praise God, I'm sure it will work out in the end.

BTW, there were some who made comments about posting the transaction details. Is there really a possible outcome with that?

Thanks again everyone.
Rex717