Only Way To Avoid A Dust Attack Is Not To Trade It
Dust attack is a way scammers or hackers use in hacking cryptowallets, they do this by sending dusts. Dusts are token units that are not noticeable and have extremely insignificant value. The value is so small that it’s not noticeable.
My first encounter with dust attack was during the shitcoin days. Lots of Shitcoins were created everyday, they all the same whitepaper just written with a different font and color. I bought some shitcoins because I wanted to join the trend, but I tried my best to make sure I didn’t invest past $30. That was what I could afford to lose in investing in shitcoins. My first ever shitcoin i bought was Safemoon, and I was lucky to take out my capital and profit at the right time.
I split the money and used it to buy more shitcoins, so I had like 5 or 6 shitcoins in my wallet. Poocoin is a platform that shows the chart of Binance shitcoins. While accessing the poocoin platform because you can also see your hidden wallet with it, I saw some other coins I couldn’t remember buying but I had them in my account wallet. They were hidden. I was confused because I had never given anyone my Binance Smartchain wallet address, so I don’t know who must have sent them to me.
You know how shitcoins are, they have outrageous quantities with with little price.
something like having 2 million tokens but it’s value is $0.02. The gas fee cost way more than the coin.
I decided to ask questions, I went on Twitter and asked questions. And I was advised not to trade it or transfer it, that it could be a dust attack. A dust attack is meant to send you crypto dust, this is regarded as an offensive method to get access into your account. When you make a transfer or trade it, you give permission to the hackers to access your account and withdraw everything you have. So the best way to avoid the attack is, whenever you notice a dust with an unknown source, disable the wallet so you don’t see it anymore, don’t trade it or try to withdraw it. If you can change your wallet, do so. Except you are a whale, but dust tokens sitting in your wallet doesn’t give control over your wallet and the hackers can’t access your account, not until you take an action with the token.
A dust attack also has its positive side, they are used to track the identities of crypto users to de anonymize their wallet. This is usually done to track down crypto criminals.
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I’ve seen this quite a few times from victims who report about it but i never really paid attention and it’s also getting more popular especially with NFT’s, hackers send malicious worthless NFT’s to random wallets and once it’s claimed or traded they gain access to the wallets. It’s crazy Wild West. Everybody needs to be vigilant.
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Yes we need to be vigilant, criminals are getting smarter by the day
Thanks for sharing. More knowledge to my KNOW-BANK
Unless this is some faulty or malicious smart contract there won't be a problem. Hackers can dust attack my addresses if they want, all coins are welcome.
By the way, there are scams that send some tokens for free, have them listed at etherscan as high value but they are locked and require to visit the scammers website.
Dust attacks are mostly used as an attempt to track different wallets and combine them to profile which wallets belong together.
You are right but some of them are done for malicious reasons
Stay away from shitcoins. Its worse then gambling. You will mostly lose.
Dude I dont know what this is.... but Off Topic: came to think about you, as you in the past made a post about that HiveBackedDollars give 10% per year in savings account.... do you realize that LasseCash pool pays around 800%-1000% per year for likvidity???? And the pool has been very stable lately. so you can pull at anytime, if you dont like it.