A recent report from blockchain reporter Colin Wu has revealed a surge in scams targeting the Toncoin (TON) ecosystem on the messaging app Telegram. According to Wu, the blockchain security firm SlowMist has reported numerous phishing attacks taking place within the layer-1 blockchain ecosystem, facilitated by Telegram.
These phishing links and bots are being circulated through groups, using fake airdrops and other deceptive methods to gain unauthorized access to assets in users’ TON wallets, particularly those using Anonymous Telegram Numbers. Wu warns that if a Telegram account is compromised, the corresponding Telegram account may also be at risk unless a separate password is enabled.
In addition to these phishing scams, cybersecurity firm Kaspersky identified a Toncoin-focused pyramid scheme being promoted on Telegram. The scheme involves scammers enticing users with promises of a ‘super-secret awesome bot’ and referral links as a means to earn Toncoin. Essentially, participants are asked to invest money, purchase ‘booster’ tariffs, invite friends, and earn commissions from every coin invested. This pyramid scheme targets both Russian and international users and has been active since at least November 2023.
The scammers promise earnings from two sources: a fixed payment of 25 TON for each invited friend and commission based on the booster tariff purchased by referrals. However, Kaspersky warns that this scheme is a classic pyramid scheme, with only the scammers profiting and all participants losing their investments.
It is evident that users must remain vigilant and exercise caution when participating in any investment schemes or activities related to TON, especially on social media platforms like Telegram. As always, it is crucial for investors to conduct thorough research and due diligence before engaging in high-risk investments in Bitcoin, cryptocurrency, or digital assets. The Daily Hodl emphasizes that all transfers and trades are undertaken at the investor’s own risk, and any potential losses incurred are their responsibility. It is important to note that The Daily Hodl does not offer investment advice or recommend the buying or selling of any cryptocurrencies or digital assets.
