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Beware of crypto dusting attack, they are one of the most popular ways of hacking in cryptocurrencies

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by COINS NEWS 101 Views

Beware of crypto dusting attack, they are one of the most popular ways of hacking in cryptocurrencies

Dust attacks are a type of cyber attack that targets the cryptocurrency wallets of individuals with small amounts of cryptocurrency in them. The attackers send a small amount of cryptocurrency, known as "dust," to the target wallet. The dust is usually a tiny fraction of the target's cryptocurrency balance, such as 0.0000001 BTC. (a few sats)

A BNB dust

The goal of the dust attack is to deanonymize the target by linking their wallet address to other addresses on the blockchain. The dust transaction includes scam URLs, meta data such as the IP address of the sender and other identifying information, that can be used to link the target wallet to other transactions or wallets.

The hackers use this obtained user information and use social engineering to find any vulnerabilities to extort the user of their crypto.

In case you fall victim to a dusting attack, you don't need to panic, assets can't be directly stolen, with dusting attacks and you are the fate of your own reaction - which means that you cannot possibly be affected by this as long as you are aware of what is going on.

submitted by /u/Concept-Plastic
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