Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/scammers-halt-activities-targeting-ton-network-users/" data-wpel-link="internal">Scammers Halt Activities Targeting TON Network Users</a> 
A fraud tool targeting the TON network users announced its cessation of activities. According to hackers, the absence of significant investors within the TON community adversely impacted their operations. They advised users to shift to scams involving other cryptocurrencies. 
<h2 style="text-align: justify" id="strong-scandalous-announcement-from-the-fraud-tool-strong">Scandalous Announcement from the Fraud Tool</h2> 
<a href="https://en.coin-turk.com/grab-integrates-web3-wallet-opening-up-crypto-adoption-in-southeast-asia/" data-wpel-link="internal">Web3</a> security company Scam Sniffer shared screenshots revealing that the fraud tool has terminated its services aimed at the TON network. The announcement highlighted that the lack of large investors, referred to as “whales,” within the TON community made fraudulent activities more challenging. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-394995" src="https://coin-turk.com/wp-content/uploads/2024/10/GZQrDH2bsAErAcs.jpeg" alt="" width="1460" height="686"> 
The hackers expressed their unmet expectations due to the TON network’s small community size, stating, “There are no large whales in TON, making it hard for us to operate. Therefore, we are shutting down our service.” 
<h2 style="text-align: justify" id="strong-directing-users-to-other-cryptocurrencies-strong">Directing Users to Other Cryptocurrencies</h2> 
The fraud tool that ceased its operations encouraged users to engage in scams within the Bitcoin network. Claiming that greater profits could be achieved on Bitcoin, the hackers provocatively stated, “If you enjoyed scamming in TON, you’ll succeed similarly on the Bitcoin network.” 
Additionally, Raz Niv, co-founder of Blockaid, noted the growing interest in the TON network, highlighting that asset transfers conducted on this network are of substantial value. He also indicated that some scammers used the transfer comment feature in TON to disguise the true intent of signatures, convincing users to authorize fraudulent transactions. Many users have lost their assets through this method. 
The recent developments in various sectors of the <a href="https://en.coin-turk.com/crypto-market-update-bitcoin-maintains-stability-as-altcoins-remain-calm/" data-wpel-link="internal"></a><a href="https://en.coin-turk.com/the-negative-approach-of-us-officials-towards-cryptocurrencies/" data-wpel-link="internal">cryptocurrency</a> market on the TON network illustrate the need for heightened vigilance among users. Scammers continue to devise new methods for attacks, emphasizing the necessity for increased caution, especially on the increasingly popular TON network. 
The post <a href="https://en.coin-turk.com/scammers-halt-activities-targeting-ton-network-users/" data-wpel-link="internal">Scammers Halt Activities Targeting TON Network Users</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Scammers Halt Activities Targeting TON Network Users

Table of Contents

COINTURK NEWS

Other articles published on Oct 7, 2024

Qubetics Fuels a New Era in Cryptocurrency Presales: Bitget and Avalanche Continue to Wow the Market

Crypto Adventure for Kids: "Decoding Crypto with Henri & Hodler" Takes Amazon by Storm as the No....

U.S. Freezes $2.7 Million from Lazarus Hacks Laundered via Tornado Cash

Ethereum Founder Vitalik Buterin Mentioned Two Surprise Altcoins, Prices Sudden Jump!

SUI meme $HIPPO enters into charity partnership with Moo Deng’s zoo

Global Experts and Traders to Share Insights at Hong Kong Traders Fair 2024

Join our free newsletter for daily crypto updates!