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

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

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

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.

Investing in digital assets is highly risky and speculative. A qualified professional should always be consulted before making any financial decisions. CryptoLive makes no representations or warranties as to the accuracy or timeliness of the information contained on the site. None of the information you read on CryptoLive should be taken as investment advice. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own diligence before making any investment decisions. CryptoLive is not accountable, directly or indirectly, for any damage or loss incurred, alleged or otherwise, in connection to the use or reliance of any content you read on the site.

Get started with just R10

Trade the largest selection of cryptocurrencies available in South Africa by signing up to VALR, and receive a 10% rebate on your trading costs, up to a total of R1,500 using our link. Sign up to VALR

What's Your Reaction?
Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0
Scroll To Top