A fraud tool targeting users of the TON network has announced its cessation of operations. According to hackers, the absence of major investors within the TON community negatively impacted their activities. Scammers advised users to shift their focus to other cryptocurrencies for fraudulent activities.
Scandalous Announcement from the Fraud Tool
Web3 security company Scam Sniffer shared screenshots revealing that the fraud tool targeting the TON network has ceased its services. The announcement stated that the lack of so-called “whales,” or large investors, within the TON community has made fraudulent activities more challenging.
Hackers pointed out that the small-scale nature of the TON community did not meet their expectations, stating, “There are no big whales in TON, making it difficult for us to operate. Therefore, we are shutting down our service.”
Redirecting Users to Other Cryptocurrencies
The fraud tool that stopped its operations recommended users engage in fraudulent activities on the Bitcoin 
$101,919 network. Hackers claimed that more profits could be made on the Bitcoin network, saying, “If you enjoyed scamming on TON, you will be just as successful on the Bitcoin network.”
Meanwhile, Raz Niv, co-founder of Blockaid, noted that interest in the TON network is steadily increasing, with asset transfers on this network occurring at very high values. He also revealed that some scammers have been using TON’s transfer comment feature to obscure the true purpose of signatures, convincing users to sign fake transactions. Many users have had their assets stolen through this method.
The recent developments in various sectors of the cryptocurrency market within the TON network underline the necessity for users to remain vigilant. Scammers continue to devise new methods for attacks, and heightened caution is essential, especially given TON’s increasing popularity.
