Post
Topic
Board Wallet software
Re: Wallet software security (Electrum 4.3.2)
by
rat03gopoh
on 10/01/2023, 10:35:28 UTC
The software wallet (Electrum 4.3.2) hacking incident experienced by julerz12, what was possibly the cause?

From what I know, they needed my password to initiate a transaction, correct? They must have somehow logged that password when I opened the wallet to sign an address for the Yomix team to deposit the BTC funds 'cause prior to that $1,000 was just sitting on it from Coinomize for almost a week amd nothing happened to it.
This is exactly what I was worried about earlier in that you only need to enter your PK once at the start and let the password permit all your subsequent activities as long as you're in control of the device.

What do y'all think?