Glassnode Reveals Litecoin Dusting Attack on Binance Affected Nearly 300,000 Wallets

A recent dusting attack that was made against the Litecoin network affected almost 300,000 wallets on Binance. The attack affected exactly 294,582 addresses, despite reports that only a few were affected.

This was revealed by Glassnode, a metrics company that used its technology to map out the attack. According to the company, the attack was similar to another one that happened in April.

Initially, Coinbase affirmed that only 50 wallets were affected. The company did it as soon a the attack happened on August 9. This, the company affirmed, affected only 0.00000546 LTC, almost nothing. The truth, however, seems to be quite different.

Curiously, some people affirm that the dusting attack was actually not a real attack after all. Jan Happel, the founder of Glassnode, told the crypto media that the “attacker” was not actually trying to harm anybody.

His address was identified and he claimed that he was only trying to advertise his exchange, which is based in Russia. The goal was to “reach out” to several wallets to advertise their mining pool services, which were focused on the Litecoin community.

Despite being a very weird reason, nobody was actually harmed by the so-called dusting attack, so there may be some truth to his statements.

At the moment, there is also not a real explanation as to why Binance believed that only a few addresses were affected at first. James Jager, from the Binance Academy, however, posted that they managed to identify the person and that it was a wide attack sometime after the event happened.

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Author: Daniel W

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