this post was submitted on 06 Feb 2025
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Buttcoin

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A community for hurling ordure at cryptocurrency/blockchain dweebs of all sorts. We are only here for debate as long as it amuses us. Meme stocks are also on topic.

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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.

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[–] Arsecroft@lemmy.sdf.org 25 points 1 month ago

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.

[–] Soyweiser@awful.systems 14 points 1 month ago (1 children)

Wait, the dusting attack problem has not been fixed?

[–] db0@lemmy.dbzer0.com 21 points 1 month ago (2 children)

It will be fixed in the next 18 months bro. Don't worry bro.

[–] Soyweiser@awful.systems 5 points 1 month ago

So they need Altman to build his AGI first?

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[–] dgerard@awful.systems 11 points 1 month ago

Michel is great and you should follow him if you enjoy crypto shenanigans

[–] philluminati@lemmy.ml 5 points 1 month ago (1 children)

If you don’t share your wallet codes or coinbase username I’m guessing you’re safe from this?

[–] Soyweiser@awful.systems 9 points 1 month ago

Prob yes, yes unless you reused your account name or they just randomly spray these dusting attacks.

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.