1Lets1xxxx1use1xxxxxxxxxxxy2EaMkJ
1fuLL1xxxx1power1xxxxxxxxxxzatvCK
1of1xxxxx1anonymity1xxxxxxxz9JzFN
1See1xxxx1memo1xxxxxxxxxxxxxBuhPF
1dot1xxxxx1sv1xxxxxxxxxxxxxwYqEEt
1topic1xxx1hmwyda1xxxxxxxxxvo8wMn
Source: Actual Blockchain.com Transactionn with message
The message in the transactions spell out a message using the first 6 addresses. told BTC users to “use [the] full power of anonymity” and pointed to a topic on Memo.sv showing users how to “create ownerless BTC/BCH/BSV addresses with special meaning.
So what is a dusting attack? According to binance academy 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 wallets. The transactional activity of these wallets is then tracked down by the attackers, who perform a combined analysis of different addresses to deanonymize the person or company behind each wallet.
This does (at first glance) look like a very expensive advertising campaign for a site called memo.sv, but could there be something more sinister involved? This is a rabbit hole I have just started to go down.
#BTC #hmwyda #DustAttack #JasonChavannes #Bitcoin #MemoSV
So what is Bitcoin dust? In the language of cryptocurrencies, the term dust describes a small amount of coins or tokens– a quantity that is so tiny that a lot of customers won’t notice or care. Taking Bitcoin as an example, the tiniest amount of BTC is 1 satoshi (0.00000001 BTC), so we may make use of the term dust to describe someone sending the minimum which is around 0.00000547 satoshis.
Within cryptocurrency exchanges, bitcoin dust is also the name given to tiny quantities of coins left over in customers’ accounts after trading orders are carried out. The dust isn’t really tradable. But a lot of “dust” can can certainly add up across 1,000’s of accounts.
So what can you do if you’ve been “dusted”?
Cryptocurrencies like bitcoin cash (BCH) and bitcoin core (BTC) are not private by default. Actually, both digital blockchains are completely out there for the entire world to see, and this means bitcoin customers need to add their very own levels of personal privacy to offer themselves a better kind of “anonymity”. Personal privacy strategies used by bitcoiners consist of evasion coins, utilizing Tor or a VPN, as well as entirely avoiding address re-use. Regardless of taking these actions, nonetheless, there’s a way in which people can be identified by blockchain evaluation referred to as a dust attack, an invasive act that can easily go undetected. This “bitcoin dust” can also be used to track additional purchases made to try and collect information on a bitcoiner. So check your wallets just to see if you have been a victim of a “bitcoin dusting” attack, as it can sometimes go unnoticed. I will post a follow up article on this as I have joined my friend below and started going down this very interesting rabbit hole as well.
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