LTC Dusting Attack on Binance Affected Nearly 300,000 Addresses: Report
Ana Alexandre's original article for cointelegraph.com reduced by 53%
The recent dusting attack against fourth-biggest altcoin Litecoin on major cryptocurrency exchange Binance affected 294,582 addresses rather than the 50 Binance reported, according to a recent metrics report. Blockchain data and metrics firm Glassnode revealed its latest findings in a tweet on Aug. 15, saying that the LTC dusting attack affected 294,582 addresses.
The analysis ostensibly also indicated a similar scale attack in April. As previously reported by Cointelegraph, the LTC dusting attack on Binance occurred on Aug. 9.
In the dedicated tweet, Binance linked to a transaction that Binance named as part of the attack in which a fraction of a coin to 50 addresses. James Jager, project lead at Binance Academy and the person who first identified the attack, discussed the event with Cointelegraph. "The person behind the dusting attack owns a mining pool based out of Russia, EMCD[dot]io.
They reached out to express that their intent was to advertise their mining pool to the users of Litecoin it's unclear from our perspective or anyone else's as to whether there were alternative motives..
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