![]() If the CMC BNB token count is accurate, it also means that a great portion of the Binance’s wealth comes from IOUs of its making sprinkled with crypto pixie dust. But this 57 million BNB is of questionable reliability because it contrasts sharply with the 22-40 million BNB identified by three data firms and the 16 million BNB Forbes identified using the publicly available etherscan tool. This BNB percentage is higher than any other data firm and Binance’s November statement. The CoinMarketCap January 4 BNB figure attributed to Binance represents 57 million BNB tokens and is equivalent to 31% of the exchange’s total assets. But CMC says that it supplements Binance data with that of Nansen and Defillama. The closest that an independent observer gets to the exchange’s official view on the BNB tokens on its balance sheet these days conceivably comes from CoinMarketCap (CMC), which is the largest crypto website in the world and is owned by Binance. At that time, the firm did include $17 billion denominated in BNB, which represented nearly a quarter of its assets.įast forward to today, BNB’s priced at $262 is a third lower than on November 4. If it can, data firms disagree on how much value to attribute to those holdings.īreaking with its habit of not disclosing sensitive financial information, Binance issued a public transparency statement almost two months ago, listing select crypto holdings. Again, consider that exchange wallet burnt and create a new one.There’s substantial controversy about whether Binance’s BNB–a token whose minting and supply the exchange controls–represents a genuine asset that can meet external obligations in times of distress. If you have more balance in there, send it to an exchange and cash it out. The attacker will be watching that wallet and will track any funds you move from that wallet to another, so consider it burnt. Whatever you decide to do, create a new wallet and burn the old wallet. You can either send the dust back to the address that sent it to you, this might cost you a fair bit in transaction fees to do, or you can leave it in your wallet. The crypto is in your wallet, and you’ve now got a couple of options. If you think you’ve been dusted, there’s little that you can do. ![]() They’ll then use this information to extort you or conduct further attacks, such as phishing scams. This information could be found in dumps from hacks of exchanges or when people post their wallets online. The attacker will then watch to see where it moves, in the hope of it moving to another wallet that the attacker knows who it belongs to. Briefly put, a dusting attack will result in a tiny amount of crypto landing in your wallet. What’s a Dusting Attack?Ī dusting attack is a relatively long-con and involves a lot of work, but they can be incredibly effective. This might seem innocent and a potential accident, but there are no accidents in the crypto world. Today, we’re going to tell you how to handle a tiny amount of crypto landing in your wallet when you’ve done nothing at all. Secondly, be on your guard, as scammers are rampant in this world, and they’re permanently looking for a way to get your money without doing an honest day of work. First up, welcome to the wonderful world of crypto. With Bitcoin and virtually all the altcoins in the world starting to pump, more and more newbies are entering the crypto space.
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