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Rachel Welch

09 November 2022 159 Read Resources

The Dusting Attack - A New-Age Crypto Threat

The Dusting Attack is an emerging cyber security threat that targets cryptocurrency wallets. These transactions generate a unique code called a public key, which is stored on the blockchain and linked to the spending history of a wallet. This type of attack was first reported by wallet provider Samurai Wallet in 2018. Clients should keep a close eye on dust transactions, which usually consist of hundreds or thousands of small amounts of crypto dumped into their wallets.

To counter the Dusting Attack, users should convert their dust into crypto or flag suspicious assets to avoid the risk of being tracked. This process is more technical than converting the dust into cryptocurrency and can be performed by most popular exchanges. This attack works by sending small amounts of cryptocurrency to various exchanges and attempting to track the transactions through interconnected addresses.