Did you know anyone can freeze your account on an exchange with one unblockable trick?
Did you know anyone can freeze your account on an exchange with one unblockable trick?
Attached: 1 image This week on "Unexpected Downsides To #Cryptocurrency": Did you realize that you can't reject #blockchain transactions and therefore anyone who wants to harass you can more or less freeze your "bank account" at an exchange like #Coinbase instantly just by either: a) sending a eu...
This week on "Unexpected Downsides To #Cryptocurrency":
Did you realize that you can't reject #blockchain transactions and therefore anyone who wants to harass you can more or less freeze your "bank account" at an exchange like #Coinbase instantly just by either:
a) sending a euro through a sanctioned mixer service like #TornadoCash before sending it to you or
b) sending a few cents to a sanctioned terrorist wallet before sending you a single cent
The automated systems used by Coinbase will immediately notice that you have interacted with suspicious or sanctioned wallets and Coinbase, which, like all crypto companies, spends as little as possible on customer support, will lock your account until you produce a passport for the person who sent you that tiny amount of money (often for months).
These so called "dust attacks" constitute revolutionary new vectors in harassment.
sounds like a cheap way to mess with crypto scammers, anybody got a spreadsheet?
Well, if I had more time, this would absolutely become my new favorite hobby.
Also, if I was willing to buy crypto, which I'm not.
Wait, the dusting attack problem has not been fixed?
It will be fixed in the next 18 months bro. Don't worry bro.
so like one-half-thousand days
So they need Altman to build his AGI first?
This is actually good for bitcoin bro. You just aren’t looking at the bigger picture bro. The market will correct bro.
Michel is great and you should follow him if you enjoy crypto shenanigans
I'm guessing you still have the problem of getting even a little bit of dust into a 'clean' wallet to make sure you don't get any direct links back to you, though. Whether that comes in the form of your own wallet/account getting shut down for the same flag or getting on some financial compliance radar for the same shenanigans that your victim is getting linked to.
If you don’t share your wallet codes or coinbase username I’m guessing you’re safe from this?
Prob yes, yes unless you reused your account name or they just randomly spray these dusting attacks.
Not your keys; Not your coins.
not your peepee not your poopoo
What a snappy slogan. Did you come up with it all by yourself?
No, I'm not really well versed in crypto. A friend of mine that works in offensive security mentioned this to me. Basically with how the algorithms behind cryptocurrency work, and with how the legal process works, you don't have control over any of your coins nor do you have legal avenues to correct any wrongdoing, nor does any human power or agency have the ability to forcibly correct actions taken by bad actirs. You MUST treat crypto like cash in a mattress and do everything yourself, anything else is a security theater facade.