2 hours ago
Blockchain information level Scam Sniffer has reported the shutdown of a wallet drainer operating connected The Open Network (TON) blockchain, citing the lack of large-scale participants, besides known arsenic “whales.”
In an Oct. 7 screenshot shared by Scam Sniffer, the wallet drainer revealed it was ending its operations due to the fact that TON “does not person whales and remains a tiny community.”
SlowMist laminitis Yu Xian reacted to the news, suggesting the drainer’s appraisal mightiness beryllium flawed oregon overly simplistic. He remarked:
“Too realistic. Or possibly this pack isn’t astute enough.”
Xian’s remark hints that the drainer squad whitethorn person misunderstood oregon underestimated the imaginable of the TON blockchain.
TON phishing
The TON blockchain has been 1 of 2024’s large occurrence stories. The network’s autochthonal token worth has surged by much than 100% connected the year-to-date metrics, pushing it into the apical 10 integer assets by marketplace capitalization.
The network’s occurrence tin beryllium attributed to the popularity of games similar Hamster Kombat, which person boosted the platform’s usage.
In addition, the network’s integration with the societal messaging exertion Telegram, which has much than 900 cardinal users, further positions TON arsenic a imaginable operator of wide crypto adoption.
However, earlier this year, reports revealed that TON had go a growing people for phishing attacks.
Interestingly, information steadfast BlockAid pointed retired that attackers person employed multi-chain drainer kits antecedently utilized connected Ethereum and Solana. Over 300 malicious decentralized apps (dApps) were launched connected TON successful September alone, highlighting the escalating threats.
Target Bitcoin users
Meanwhile, the unnamed wallet drainer urged users to displacement their attraction to Bitcoin, the flagship integer asset. In the message, the hackers stated that those who enjoyed draining connected TON would besides find targeting Bitcoin appealing.
CertiK, different salient blockchain information company, precocious emphasized that malicious actors are progressively drawn to Bitcoin owed to its precocious transaction volumes, ample idiosyncratic base, and important full worth locked (TVL).
Phishing attacks connected Bitcoin holders person risen sharply successful the past fewer months. One of the astir notable incidents progressive a $238 cardinal onslaught connected a Bitcoin whale, further underscoring the mounting risks successful the space.
The station Wallet drainer exits TON owed to deficiency of ‘whales’, shifts absorption to Bitcoin targets appeared archetypal connected CryptoSlate.
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