Crypto Dusting is a A cryptocurrency (or crypto currency) is a digital asset des... More privacy attack that sees malicious actors sending a very small amounts of coins—typically referred to as “dust”—to identify the person or entity that controls the A device, physical medium, program or service whose sole pur... More. The value of dust is below the threshold required to execute a valid transaction so users must consolidate the dust to exact a trade. Consolidating dust from several addresses at once can compromise a user’s privacy by publicly linking accounts that may not have been linked previously.
In a A business that allows customers to trade cryptocurrencies o... More, hackers or scammers “dust” a large number of addresses, anticipating that the dust will be consolidated within the wallets which could allow bad actors to analyze transactions on the public A blockchain is a shared digital ledger, or a continually up... More to de-anonymize wallets. Once the user behind the wallet is identified, attackers can use this information for phishing or extortion attacks.