Friday , December 3 2021

Binance cryptocurrency exchange warns of an attack against Litecoin


The cryptocurrency exchange Binance claims to be an attack on the fourth largest altoine – Litecoin (LTC).

Massive attack on privacy

The official Binance Twitter exchange said there was a big attack on altcoin Litecoin users yesterday. The company made this statement in reproach August 9:

"About 5 hours ago, there was a massive attack against $ LTC @Litecoin users."

Tweets are also linked to a transaction – which Binance says is part of the attack – by sending a part (0.00000546 LTC) from a coin to 5 addresses. In addition, the exchange is also linked to an attack explanation, which defines it as follows:

"This attack is a relatively new type of malicious activity in which hackers and scammers try to break the privacy of bitcoin and cryptocurrency users by sending small amounts of coins to their personal wallets."

Data collection strategy

The way this type of attack works is that the attacker can track the transaction activity of these portfolios. Analyzing this data, the attacker tries to identify the person who controls these portfolios.

As the Cointelegraph reported in late January, an investigation at the time identified the attack as one of the main threats to cryptocurrencies.

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