CandleFocus

Fraudsters have decided not to operate in TON. But is this a good thing?

Author: Content Editor
Scammers who use malware to steal digital assets have decided not to attack TON users due to a lack of profitable opportunities. The operators of a drainer popular among scammers announced its closure in the TON ecosystem, citing the absence of crypto whales as the main reason. Instead, the scammers are shifting their focus to the Bitcoin blockchain. The presence of numerous airdrops on TON has made fraud less profitable, reducing scammers' interest. However, experts believe that the assessment of whale activity on TON may need to be more complex. Scammers have been increasingly active on TON since November 2023, taking advantage of the blockchain's rapid growth and the popularity of mini-apps. They often create fake tokens that mimic the names of popular projects. While TON has gained popularity, it has yet to attract significant attention from fraudsters compared to other blockchains like Ethereum. Phishing attacks on Bitcoin have increased recently due to its high transaction volumes and large user base.

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