Many Hackers Now Attacking Users Through Telegram To Infiltrate TON Wallets: Report

The messaging app Telegram is witnessing a rise in the number of Toncoin (TON) ecosystem-focused scams, according to a report by blockchain reporter Colin Wu.

Citing the blockchain security firm SlowMist, Wu says that there are currently “many phishing attacks” occurring in the ecosystem of the layer-1 blockchain aided by Telegram.

“Many phishing links (or bots) are spread through groups, using fake airdrops and other methods to hack assets in users’ TON wallets, especially Anonymous Telegram Numbers. Many people use it to create Telegram accounts, and if it is stolen, it means that the corresponding Telegram account may also be stolen unless a separate password is enabled.”

Besides the phishing scams, cybersecurity firm Kaspersky in April highlighted a Toncoin-focused pyramid scheme being conducted on Telegram.

“Scammers promote a ‘super-secret awesome bot’ and referral links as the key to earning Toncoin. In short: you invest your money, buy ‘booster’ tariffs, invite friends, and earn commission from every coin invested. The pyramid scheme incentivizes larger investments with the promise of higher returns.

According to our data, this scam has been active since at least November 2023 – targeting both Russians and users from other countries…

…The scammers promise earnings from two sources:

– A fixed payment of 25 TON for each invited friend.

– Commission based on the booster tariff purchased by your referrals.

It turns out to be a classic pyramid scheme, where each participant is ‘a partner rather than a freeloader’. Sadly, nobody profits except the scammers, and all ‘partners’ lose their investments.”

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Many Hackers Now Attacking Users Through Telegram To Infiltrate TON Wallets: Report appeared first on The Daily Hodl.