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Bitcoin Holder Loses $16 Million in BTC to Well-Known Scam

From decrypt.co

A year-old GitHub thread dedicated to Electrum-based phishing hacks sprang back to life yesterday when a user claimed to have had 1,400 BTC ($16 million) stolen after falling for an old trick. "I had 1,400 BTC in a wallet that I had not accessed since 2017," explained the Bitcoin holder. "I foolishly installed the old version of the electrum wallet. My coins propagated. I attempted to transfer about 1 BTC however was unable to proceed. A pop-up displayed stating I was required to update my security prior to being able to transfer funds," he added. According to the luckless holder, the update immediately ... (full story)

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