Never miss out on breaking news

Join our daily newsletter. It's free.

Litecoin (LTC) Users Affected In Large-scale Dusting Attack

- Advertisement -

Many Litecoin (LTC) users have recieved small amounts of Litecoin (LTC) in a dusting attack.

A dusting attack refers to a relatively new kind of malicious activity where hackers and scammers try and break the privacy of Bitcoin (BTC) and other cryptocurrencies users by sending tiny amounts of cryptocurrency to their personal wallets.

- Advertisement -

The transactional activity of these wallets is then tracked down by the attackers, who perform a combined analysis of several addresses in an attempt to identify the person or company behind each wallet.

Dusting attacks were initially performed with Bitcoin (BTC), but they are beginning to occur more and more with other cryptocurrencies, in this instance, Litecoin (LTC) that is running on top of a public and traceable blockchain.

- Advertisement -

One Reddit user said:

Binance, which has recently been susceptible to an attack which led to data leaks, informed their users on Twitter:

- Advertisement -

If you have received a small amount of Litecoin (LTC) in your wallet, you may be a victim of a Dusting Attack. I recommend reading this post on how to protect yourself from a dusting attack.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

What Is FinTech? Everything you need to know.

FinTech, short for Financial Technology is quickly shaping the financial industry through innovation and technology. This multi-billion Rand industry is redefining everyday...

Facebook’s Libra Project Development Update

The Libra Association have published an update on Libra's development progress in blog post titled “5 months and growing strong”. The update...

-Advertisement-