What is cryptocurrency dust?

Can cryptocurrency dust be dangerous for traders?

In the digital environment, there are many varieties of malicious attacks, especially in the crypto sector. At the same time, hackers often use crypto dust in a way to disclose confidentiality. This new kind of malicious cyberattack is referred to as a dusting attack. Hackers send crypto dust to a huge number of wallets on a specific cryptocurrency network, then follow their transactions, allowing them to link addresses and finally identify their owners. This information is then used to plan phishing attacks or to blackmail huge corporations into disclosing their identities. In this way, hackers benefit from the blockchain’s advantages, such as transparency. Safe yourself from dusting attacks by following simple rules:

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BIT4YOU.io

BIT4YOU.io

bit4you is an european crypto exchange platform. We are facilitating the transition between crypto currencies and traditional currencies such as euro.