<story><title>I just lost 1,400 BTC</title><url>https://github.com/spesmilo/electrum/issues/5072#issuecomment-683356052</url></story><parent_chain><item><author>nemothekid</author><text>As far as I can understand&lt;p&gt;1. The user had 1,400 BTC in an old wallet using this software&lt;p&gt;2. An old version of the software was vulnerable to phishing&lt;p&gt;3. The user attempted to use the software, and was phished&lt;p&gt;4. Massive payday for the scammers&lt;p&gt;Really unfortunate - and goes to show with software you manage yourself you need to be diligent about making sure it&amp;#x27;s updated. For all the shit coinbase gets, it&amp;#x27;s difficult to lose your coins in this manner.</text></item></parent_chain><comment><author>brianwawok</author><text>Also, I think it&amp;#x27;s just the reason that crypto-currency will fail.&lt;p&gt;If you trick me into an ACH transfer of 16 million, there will&lt;p&gt;a) Trigger some random human based audits at my bank before the money can leave (likely involve some phone calls)&lt;p&gt;b) Have actual recourse, like court orders to hold the funds at the other bank&lt;p&gt;c) Take some amount of time to happen, to allow for A &amp;amp; B&lt;p&gt;It&amp;#x27;s not perfect, and it has bugs.. but I would never store actual money of value in crypto anything.</text></comment>
<story><title>I just lost 1,400 BTC</title><url>https://github.com/spesmilo/electrum/issues/5072#issuecomment-683356052</url></story><parent_chain><item><author>nemothekid</author><text>As far as I can understand&lt;p&gt;1. The user had 1,400 BTC in an old wallet using this software&lt;p&gt;2. An old version of the software was vulnerable to phishing&lt;p&gt;3. The user attempted to use the software, and was phished&lt;p&gt;4. Massive payday for the scammers&lt;p&gt;Really unfortunate - and goes to show with software you manage yourself you need to be diligent about making sure it&amp;#x27;s updated. For all the shit coinbase gets, it&amp;#x27;s difficult to lose your coins in this manner.</text></item></parent_chain><comment><author>eastbayjake</author><text>It was my understanding that the user had installed a version of the Electrum wallet that was not from the official source at electrum.org. (But agree - it was really difficult to identify the core issue from this string of GitHub comments.)</text></comment>