A fraud tool targeting TON network crypto wallets ceased operations, and hackers said that the TON community lacked "big whales"

By: blockbeats|2024/10/22 14:52:09

BlockBeats reported that on October 7, a crypto wallet fraud tool targeting the TON network announced that it would stop service and guide users to another cryptocurrency fraud tool.

Web3 security agency Scam Sniffer shared a screenshot showing that a crypto wallet fraud tool based on TON issued a closure announcement. The wallet fraud tool claimed that the lack of "big households" or "whales" in the TON community was detrimental to its business. The hackers wrote: "Since TON has no whales and the community is small, we will shut down the service."

The wallet fraud tool then guided users to assets that defrauded the Bitcoin network, and said that if users like to steal on TON, they will also like to operate on the Bitcoin network.

The hacker also promoted another service and made it clear that the TON-based fraud tool would not return. Blockaid co-founder Raz Niv mentioned that more and more hackers are becoming interested in the TON ecosystem because the value of assets transferred by TON is very high. Some scams also use TON's transfer comment function to disguise the true purpose of the signature, tricking users into signing false transactions and stealing their assets.

This uproar in the crypto circle appears to be a cultural conflict between a traditional economist and a crypto OG, but looking deeper, it is merely the new fire leveraging Fu Peng's influence in the traditional financial sector to pry open a batch of client funds that were originally difficult to r...

Why Private Credit Became the First True Bridge from TradFi to DeFi

Unveiling the core logic of private credit leading RWA: it is no longer just simple tokenization, but rather a true reshaping of the practical value of asset on-chain through real returns and deep integration with the DeFi ecosystem.

Senior cryptocurrency investor: Blockchain is showing a siphoning effect on capital

Stablecoins are the first real-world assets on the blockchain, but they will not be the last. Every billion dollars in stablecoins generates $12.2 billion in economic activity and $19 million in protocol revenue annually; once capital is on the blockchain, it gains productivity and does not go back.

When traditional crypto derivatives start to subtract: Insights from Hyper Trade's products

Say goodbye to complex contracts, as crypto derivatives begin to "subtract": This article breaks down how Hyper Trade reduces hardcore risk pricing into "second-level multiple-choice questions," reshaping the trading experience for retail investors.

My view on blockchain has changed

In-depth Reflection on the Value of Blockchain Applications and the Time Dimension

Will AI Agents use bank cards? Why can't Agentic Payment avoid stablecoins and blockchain?

Why can't AI agents just swipe bank cards? An article to understand the new tiered payment system: stablecoins and blockchain are becoming the exclusive settlement language and verifiable trust foundation of the "machine economy" era.

ENI's RWA ambition: to create an enterprise-level BaaS platform that allows Web2 institutions to "go beyond just asset on-chain."

What are the differences between RWA 1.0 and RWA 2.0?