DiscoverThe Blockspace PodcastThe Bitcoin "Dusting" Attack You Didn't Know About W/ Galaxy Digital
The Bitcoin "Dusting" Attack You Didn't Know About W/ Galaxy Digital

The Bitcoin "Dusting" Attack You Didn't Know About W/ Galaxy Digital

Update: 2025-10-18
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Description

Zach Pokorny from Galaxy Digital joins us to discuss their deep investigation into the mysterious 80,000 Bitcoin whale that moved last summer. The report uncovers a massive dusting campaign targeting over 40,000 addresses holding 2.3 million BTC with fake "abandoned property" notices. We dive into the Salomon Brothers connection, the $90K cost of the attack, and why this looks like classic Craig Wright-style lawfare.


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Notes:


• 2.3 million BTC dusted


• 40,000+ addresses hit


• Attack cost 0.7 BTC (~$90,000)


• 80,000 BTC whale sold through Galaxy


• 3-year dormancy minimum targeted


Timestamps:


00:00 Start


02:27 Size & breadth of the messaging campaign


04:39 Message contents


05:51 Legal definitions


08:47 Is Salomon Brothers real?


12:02 Why not use a law firm?


13:06 Did the 80k BTC seller get spooked?


14:31 Scale of the campaign


15:35 Satoshi addresses?


17:55 How did they choose addresses?


19:44 Lots of holders have "dormant coins"


21:17 Cost of the campaign


23:14 Links to other attacks


26:26 Speculating who this was


28:12 Court process & jurisdiction


32:12 Wrap up


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The Bitcoin "Dusting" Attack You Didn't Know About W/ Galaxy Digital

The Bitcoin "Dusting" Attack You Didn't Know About W/ Galaxy Digital

Blockspace Media