Binance Report: Litecoin Faces Dusting Attack

The leading cryptocurrency exchange Binance revealed that Litecoin faces a dusting attack. Binance announced this via a tweet on 10 Aug that the fourth largest cryptocurrency Litecoin is under a dusting attack.

The tweet explains:

Approximately 5 hours ago there was a large-scale dusting attack on $LTC@Litecoin users. One of many transactions: (link: https://chainz.cryptoid.info/ltc/tx.dws?36359475.htm) chainz.cryptoid.info/ltc/tx.dws?363… Here’s what you need to know and how to protect yourself: What is Dusting Attack?

Binance linking a link to the transactions that shows a fraction of Litecoin ( (0.00000546 LTC) was sent to 50 different addresses. Binance further explains about 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 and cryptocurrency users by sending tiny amounts of coins to their personal wallets.”

Dusting attack is used by the attackers to track the transactions of the wallets and hence find who control the wallets.

Also Read: How to Earn Bitcoin?