Slowmist Reveals a Crypto Scam Exploiting The Toncoin (TON)
- SlowMist & its founder, Mr. Cos, have identified an increase in phishing attacks targeting the TON ecosystem, particularly through the Telegram platform.
- Users are advised to enable Two-Step Verification and maintain separate, secure passwords to protect their TON wallets and associated Telegram accounts.
- Notable figures like Anndy Lian and users such as topGcrypto have expressed concerns over the widespread phishing attacks.
Slowmist Warns Toncoin Ecosystem At Risk of Phishing
In a recent post, Mr. Cos, the Founder of SlowMist Team, highlighted the increasing prevalence of phishing activities within the TON ecosystem. He explained that the Telegram ecosystem's openness has led to a surge in phishing links and bot forms being distributed through message groups, airdrops, and other deceptive channels to target users' TON wallets, including NFTs and Anonymous Telegram Numbers.
These phishing attempts pose a risk of compromising Telegram accounts, particularly if users' Anonymous Telegram Numbers are compromised.
To mitigate this risk, users can enable Two-Step Verification to secure their accounts. It's crucial to remain vigilant against these consistent phishing methods.
Wu BlockChain Also Addresses the Problem
Wu Blockchain, a renowned blockchain analytics firm, also highlighted the issue in their latest post, warning users about potential phishing attacks in the TON ecosystem.
Source: X
According to their post, SlowMist has cautioned that numerous phishing links (or bots) are being circulated through groups, posing as fake airdrops and using other deceptive methods to target assets in users' TON wallets, particularly those using Anonymous Telegram Numbers.
This underscores the importance of maintaining separate and secure passwords, especially for accounts associated with such numbers.
After the Wu Blockchain post, many users share there concerns in the comment section. Intergovernmental Blockchain Expert Anndy Lian commented "So many on Telegram. It is spreading like wildfire."
Another user named topGcrypto commented "Stay vigilant, folks! Enable 2FA and be cautious of suspicious airdrops to protect your TON assets!"
Why Phishing Attacks On TON Ecosystem Are Surging
The surge in phishing attacks on the TON ecosystem is directly correlated to the on-chain growth of the TON and the success of Notcoin.
Source: DefiLlama
According to DefiLlama data, Toncoin total value locked (TVL) has shown massive growth in recent times. On January 01, 2024, TON TVL was 14.02 Million from there it surged to 663.13 Million at the time of writing. This robust growth demonstrated the rising confidence of users in the TON ecosystem.
Moreover, the increasing popularity of the TON ecosystem is also linked to its successful project, the play-to-earn token Notcoin (NOT). This clicker game has been highly successful recently and has gained popularity across the crypto-verse.
The On-chain growth and the success of the TON projects increased its popularity and attracted phishing and scam attacks.
