LTC Dusting Attack on Binance Affected Nearly 300,000 Addresses: Report

The current dusting assault in opposition to fourth-biggest altcoin Litecoin (LTC) on main cryptocurrency trade Binance affected 294,582 addresses relatively than the 50 Binance reported, in response to a current metrics report.

Blockchain knowledge and metrics agency Glassnode revealed its newest findings in a tweet on Aug. 15, saying that the LTC dusting assault affected 294,582 addresses. The evaluation ostensibly additionally indicated the same scale assault in April.

Supply: glassnode

As beforehand reported by Cointelegraph, the LTC dusting assault on Binance occurred on Aug. 9. Within the devoted tweet, Binance linked to a transaction that Binance named as a part of the assault during which a fraction (zero.00000546 LTC) of a coin to 50 addresses.

A network-wide occasion

James Jager, mission lead at Binance Academy and the one who first recognized the assault, mentioned the occasion with Cointelegraph. Jager mentioned:

“It was network-wide, which meant it affected all customers of litecoin that had an energetic litecoin handle on the time. The handle of the individual answerable for the dusting assault might be discovered right here:

Commenting on the assault Jan Happel, co-founder of Glassnode, advised Cointelegraph that “the time period ‘dusting assault’ is a reasonably broad assertion and the precise intent behind the assaults do not essentially all the time align to be the identical.” Happel additional defined:

“The individual behind the dusting assault owns a mining pool primarily based out of Russia, EMCD[dot]io. They reached out to specific that their intent was to promote their mining pool to the customers of Litecoin, nonetheless, it is unclear from our perspective or anybody else’s as as to whether there have been different motives.”

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