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A fraud tool targeting users of the TON network has announced its operations are ceasing. According to hackers, the lack of significant investors in the TON community has negatively impacted their activities. The scammers advised users to shift their focus to other cryptocurrencies for fraudulent activities.
Scandalous Announcement from the Fraud Tool
Web3 security firm Scam Sniffer shared screenshots revealing that a fraud tool targeting the TON network announced the termination of its services. The statement highlighted that the absence of so-called “whales,” or large investors, in the TON community has hindered their fraudulent operations.
Hackers expressed their disappointment with the TON network’s small-scale community, stating, “There are no big whales in TON, making it harder for us to operate. Therefore, we are shutting down our service.”
Redirecting Users to Other Cryptocurrencies
The fraud tool, now terminating its services, suggested that users engage in fraudulent activities on the Bitcoin 
$103,555 network instead. Hackers claimed, “If you enjoyed scamming on TON, you’ll be just as successful on the Bitcoin network.”
On another note, Raz Niv, co-founder of Blockaid, stated that interest in the TON network is increasing, with asset transfers on this network reaching significant values. Additionally, some scammers have used TON’s transfer comment feature to conceal the true purpose of signatures, convincing users to sign fake transactions. Many users have lost assets through this method.
The recent developments in various branches of the cryptocurrency market within the TON network highlight the need for users to remain vigilant. Scammers continue to devise new methods for attacks, necessitating increased caution, especially with the rising popularity of TON.
