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COINTURK NEWS > Altcoin News > Scammers Targeting TON Network Halt Their Operations
Altcoin News

Scammers Targeting TON Network Halt Their Operations

In Brief

  • Scammers targeting the TON network have ceased their operations.

  • Users were encouraged to engage in fraudulent activities on Bitcoin instead.

  • Increased caution is essential for users due to ongoing scam tactics.

Fatih Uçar
Fatih Uçar 7 months ago
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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.

Contents
Scandalous Announcement from the Fraud ToolRedirecting Users to Other Cryptocurrencies

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 $104,310 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.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 7 October, 2024 - 3:31 pm 7 October, 2024 - 3:31 pm
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