TL;DR
- Phishing attacks on the rise in the TON ecosystem: Scammers are targeting TON users through Telegram groups, airdrops, and other deceptive methods. Be cautious about sharing your private information or assets.
- Non-fungible tokens (NFTs) at risk: Hackers are especially interested in NFTs like Anonymous Telegram Numbers, which could give them access to your Telegram account. Make sure you have Two-Step Verification enabled.
- Stay vigilant despite TON’s growth: The TON ecosystem is expanding rapidly, but so are the security threats. Be cautious and prioritize security measures, regardless of whether you’re using Tether, Telegram Stars, or Toncoin.
The Open Network (TON) ecosystem, powered by Telegram, has recently become a hotbed for malicious actors seeking to exploit usersā private information and assets. SlowMist, a prominent blockchain technology security firm, has issued a warning about the surge in phishing attacks within the TON community.
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— Cos(ä½å¼¦)š¶āš«ļø (@evilcos) June 24, 2024
The Growing Threat of Phishing Attacks
Founder Yu Xian, also known as Mr. Cos, sounded the alarm on the rising number of phishing attacks targeting TON wallets. These attacks primarily circulate through Telegram message groups, airdrops, and other deceptive methods. As the TON ecosystem continues to expand, so does the attack surface for hackers.
TON’s Non-Fungible Tokens (NFTs) at Risk
Non-fungible tokens (NFTs), such as the Anonymous Telegram Numbers, are a top target for cyber attacks. These numbers act like mobile phone numbers and are often utilized to set up Telegram accounts. If hackers get hold of these NFTs, the associated Telegram accounts could be in jeopardy, unless users have activated Two-Step Verification.
Telegram Stars and Tether Integration
Telegram has just unveiled a brand new feature called “Telegram Stars.” This nifty in-app digital currency is here to make your life easier when it comes to buying digital goods and services across all mini-apps on the platform. Whether you prefer using fiat currency or want to dive into the TON ecosystem, acquiring Telegram Stars is a breeze.
Additionally, Telegram partnered with Tether (USDT) in April, aiming to boost crypto adoption through its messaging platform. USDT was launched on the TON blockchain as part of this initiative.
Exercise Caution
As the crypto ecosystem of TON continues to grow, it is of utmost importance for users to be cautious. Whether you are involved with Tether, Telegram Stars, or the original Toncoin, prioritizing security measures is vital.
While Toncoin is currently valued at $7.26, dropping nearly 5% in the last 24 hours. It is crucial to stay updated and remain vigilant, especially considering the recent 6% decline in the past week and the 13% increase over the past month.
At the time of writing, the TON ecosystem comprises 43 tokens, boasting a collective market capitalization of $19.2 billion, as reported by BitGet. Additionally, the total value locked (TVL) across various TON projects stands at an impressive $648 million, a remarkable surge of 4,500% since January 1, 2024, according to DefiLlama data.
