Dusting Attack : Tips to safeguard ones self.
Hi guys! Welcome back to this space. Am so glad to have you here once again, as usual I've prepared another meal you would find delicious and of course you do not need to pay for this goodness...smiles.
Today we would delve deeper into the lesson we have started already on Dusting attack. In my previous post, I defined it and wrote extensively on how it works. In this post, we would be considering how we can safeguard our self against this attack. I will be sharing few helpful tips in the next section. Let's get in.
Let me start by saying not receiving crypto dusts into your wallet might be almost impossible but then our responsibility should be that we do all in our capacity to ensure that we are not victims of the plot of these malicious player via this activity of theirs. If we must protect ourselves then we must follow the following tips I will be highlighting below...do tag along guys
• Create separate wallet: One simple way of protecting yourself when you identify a crypto dust in your wallet from unknown source is to create a separate wallet for crypto dust where you dump them. This puts an end to the flow of the dust as the crypto dust itself has been trapped.
The goal of these malicious players is to track you wallet activities with that dust especially if you begin to move it from one wallet address to the other or directly transact with it, but when you dump it in that new wallet created for that purpose, their plans ends right there as they won't be able to monitor thier victim anymore.
• Avoid Sketchy Airdrops: You have to be careful of airdrop that are not very clear and straightforward. There are so ways to figure this out though. You know these guys could capitalize on the airdrop boom phase we are in now to intrude into the privacies of unsuspecting investors.
They do this by creating and promoting a fake project that would require that people submit their wallet addresses or interact with a malicious smart contracts for rewards, anyone who follows all these to the latter would end up exposing him or herself to dust attack. So do well to research on some of these airdrops.
• Use Dust conversion service: Do not forget that I mention in the initial part of this topic of discussion that transacting with this dust would further expose you and establish the plans of these malicious folks. But if you are insistent on using the crypto dust sent, you would need to convert them first.
For example if you have a dust in BTC or ETH on an exchange like binance, there are some tool that could help you convert them to the native token of such exchange such as BNB in the case of Binance exchange. After the successful conversion, you can then trade directly and freely with the converted dust.
• *Using Privacy tools: This is also very important, dusting aims to intrude into your privacy in a subtle way but when you employ these tools, they will go a long way in protecting you from these guys. One of such tool is TOR, which is written in full as The Onion Router. This tool makes it pretty difficult for your transaction to be tracked by these malicious players.
• Using HD Wallets: not the HD that comes to mind...lol. what I mean by HD is Hierarchical Deterministic wallet. This is a kind of wallets that allows you create new wallet addresses for each and every transaction. This makes it then difficult for your transactions to be tracked because you're indirectly confusing them...like how can each transaction have it wallet address...smiles.
• Avoid interaction with suspicious Address: Well you can reduce the chances of receiving malicious crypto duct by avoiding interaction with address you're not familiar with, or addresses that are obviously suspicious. Do well to ensure that your interaction are with known and and trusted addresses. This way you are protecting your privacy and strengthening your security just by taking this precautions.
• Using Blockchain Analytics Tools: Using Blockchain analytical tools can help prevent dusting attack due to the way it has been programmed. The reason is not far fetched, they could identify patterns and relationships between different address.
They could tell if multiple addresses are controlled one person.When any of these are detected, the tool could alert you to be on the look out for such address as it might just be a potential dusting attack.
We have clearly learnt how to safeguard ourselves against this attacks. Taking these safety measures are very important. It really a sad thing to know that these malicious guys can go any length to get their victim. Dusting attack which seems harmless but subtle is just one of their techniques. Let's stay informed.
I want to believe you've gotten so much from this piece. As my usual custom is, I would always encourage that you DYOR to be sure of every financial step you would want to take as I won't be liable for any form of loss encountered by you.
Feel free to share with me your thoughts in the comment section. Thanks for your time once again. Gracias!
Disclaimer: This post is made as an education and not investment advice. Digital asset prices are subject to change. All forms of crypto investment have a high risk. I am not a financial advisor, before jumping to any conclusions in this matter please do your own research and consult a financial advisor.
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@lhorgic♥️
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@theentertainer