- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
A fraud tool targeting TON network crypto wallets ceased operations, and hackers said that the TON community lacked "big whales"
BlockBeats reported that on October 7, a crypto wallet fraud tool targeting the TON network announced that it would stop service and guide users to another cryptocurrency fraud tool.
Web3 security agency Scam Sniffer shared a screenshot showing that a crypto wallet fraud tool based on TON issued a closure announcement. The wallet fraud tool claimed that the lack of "big households" or "whales" in the TON community was detrimental to its business. The hackers wrote: "Since TON has no whales and the community is small, we will shut down the service."
The wallet fraud tool then guided users to assets that defrauded the Bitcoin network, and said that if users like to steal on TON, they will also like to operate on the Bitcoin network.
The hacker also promoted another service and made it clear that the TON-based fraud tool would not return. Blockaid co-founder Raz Niv mentioned that more and more hackers are becoming interested in the TON ecosystem because the value of assets transferred by TON is very high. Some scams also use TON's transfer comment function to disguise the true purpose of the signature, tricking users into signing false transactions and stealing their assets.
You may also like
From Stanford Lab to Silicon Valley Streets: How OpenMind is Solving the "Last Mile" Problem of the Machine Economy?
PlanX: Reconstructing On-Chain Execution with AI, Moving Towards a New Paradigm
US Judge Allows Binance Unregistered Token Lawsuit to Advance
Key Takeaways: A federal judge in Manhattan dismissed Binance’s petition to resolve a securities lawsuit through private arbitration,…
Crypto VC Paradigm Plans $1.5 Billion Expansion into AI and Robotics
Key Takeaways: Paradigm is setting up a new $1.5 billion fund to explore AI, robotics, and other emerging…
Ethereum Smart Accounts Set to Launch Within a Year, According to Vitalik Buterin
Key Takeaways: Ethereum’s “account abstraction” or smart accounts might be introduced in the coming year through the Hegota…
Bitcoin Recovers After Iran Conflict Shocks Market, Reverses $5K Fall in Just 24 Hours
Key Takeaways: Bitcoin dropped to approximately $63,000 amid tensions but rebounded to $68,200 within a day. Volatility led…
Former Mt. Gox CEO Suggests Hardfork to Retrieve $5.2 Billion in Bitcoin
Key Takeaways: Mark Karpelès, former CEO of Mt. Gox, proposes a Bitcoin network hard fork to access nearly…
South Korea National Tax Service’s Mistake Resulted in $4.8 Million Crypto Loss
Key Takeaways South Korea’s National Tax Service inadvertently exposed private keys, resulting in a $4.8 million crypto loss.…
Morgan Stanley Seeks National Trust Charter for Cryptocurrency Custody
Key Takeaways: Morgan Stanley has initiated a significant step toward digital asset management by applying for a national…
Solana Price Outlook: Major ETF Inflows Hint at Institutional Moves
Key Takeaways: Solana has experienced substantial ETF inflows, prompting speculation about institutional buy-in. On February 25, Solana recorded…
Bitcoin Price Prediction: Wikipedia Founder Warns BTC Could Plunge Below $10K — Should Investors Worry?
Key Takeaways Wikipedia co-founder Jimmy Wales warns Bitcoin might decline to below $10,000, prompting a bearish outlook. Wales…
China’s DeepSeek AI Foresees a Bright Future for XRP, Bitcoin, and Ethereum
Key Takeaways: DeepSeek AI predicts that XRP, Bitcoin, and Ethereum may reach new all-time highs within the next…
Can BTC, ETH, and SOL Liquidity Collaborate Effectively? Exploring LiquidChain’s Staking and Settlement Approach
Key Takeaways LiquidChain introduces a novel Layer 3 framework aimed at integrating liquidity across Bitcoin, Ethereum, and Solana.…
Canton Crypto Network vs. XRP: Exploring DTCC’s Infrastructure and Liquidity Dynamics
Key Takeaways Canton Network is crafted for institutional finance, emphasizing privacy and regulatory alignment, critical for the onchain…
Axiom Crypto Exposed: Alleged $400k Insider Trading Scandal Revealed
Key Takeaways A whistleblower has brought to light an alleged insider trading scheme at Axiom Crypto, revealing governance…
Ethereum $159B Stablecoin Dominance: Why Infrastructure Triumphs Over Price
Ethereum’s role as a settlement layer has seen it capture over 53%, or $159 billion, of the $300…
Crypto Price Forecast Today: February 26 – XRP, Solana, Dogecoin
Key Takeaways Potential impact of U.S. regulatory clarity: Up-and-coming regulations like the CLARITY Act in the U.S. are…
XRP Price Outlook: Recent Bug Expose and Protection – What’s Next for XRP Holders?
Key Takeaways A significant flaw in the XRP Ledger was found but addressed before it posed any real…
From Stanford Lab to Silicon Valley Streets: How OpenMind is Solving the "Last Mile" Problem of the Machine Economy?
PlanX: Reconstructing On-Chain Execution with AI, Moving Towards a New Paradigm
US Judge Allows Binance Unregistered Token Lawsuit to Advance
Key Takeaways: A federal judge in Manhattan dismissed Binance’s petition to resolve a securities lawsuit through private arbitration,…
Crypto VC Paradigm Plans $1.5 Billion Expansion into AI and Robotics
Key Takeaways: Paradigm is setting up a new $1.5 billion fund to explore AI, robotics, and other emerging…
Ethereum Smart Accounts Set to Launch Within a Year, According to Vitalik Buterin
Key Takeaways: Ethereum’s “account abstraction” or smart accounts might be introduced in the coming year through the Hegota…
Bitcoin Recovers After Iran Conflict Shocks Market, Reverses $5K Fall in Just 24 Hours
Key Takeaways: Bitcoin dropped to approximately $63,000 amid tensions but rebounded to $68,200 within a day. Volatility led…
App