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.
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.
One Reddit user said:
Binance, which has recently been susceptible to an attack which led to data leaks, informed their users on Twitter:
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.
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Leigh Williams is the founder at IXA Media (Pty) Ltd., a digital marketing solutions provider and the publisher of CryptoLive.co.za