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According to reports, the hacker used a sophisticated attack that exploited a weakness in Electrum's software. The attack involved creating fake servers that prompted users to update their wallet's software. Once users entered their passwords and private keys, the fake servers would steal their funds and transfer them to the hacker's wallet.

In addition, exchanges and wallet providers should strengthen their security measures and implement multi-factor authentication to prevent such attacks from happening in the future.

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<p>According to reports, the hacker used a sophisticated attack that exploited a weakness in Electrum's software. The attack involved creating fake servers that prompted users to update their wallet's software. Once users entered their passwords and private keys, the fake servers would steal their funds and transfer them to the hacker's wallet.</p>。<p>According to reports, the hacker used a sophisticated attack that exploited a weakness in Electrum's software. The attack involved creating fake servers that prompted users to update their wallet's software. Once users entered their passwords and private keys, the fake servers would steal their funds and transfer them to the hacker's wallet.</p>