Blockchain safety platform Rip-off Sniffer reported the closure of a pockets drain working on The Open Community (TON) blockchain, citing the absence of large-scale individuals, also referred to as “whales.”
In an October 7 screenshot shared by Rip-off Sniffer, the pockets drainer revealed that it was shutting down its operations as a result of TON “doesn’t have whales and stays a small group.”
SlowMist founder Yu Xian reacted to the information, suggesting that the drainer's evaluation is perhaps incorrect or too simplistic. He observed:
“Too reasonable. Or perhaps this gang isn't sensible sufficient.
Xian's comment means that the Drainer crew might have misunderstood or underestimated the potential of the TON blockchain.
Phishing TON
The TON blockchain has been one of many large success tales of 2024. The native worth of the community's token has jumped over 100% on year-to-date metrics, putting it among the many high 10 digital property by capitalization inventory market.
The community's success will be attributed to the recognition of video games like Hamster Kombat, which boosted utilization of the platform.
Moreover, the community's integration with social messaging app Telegram, which has over 900 million customers, additional positions TON as a possible driver of mass crypto adoption.
Nevertheless, earlier this 12 months, reviews emerged that TON had develop into a rising goal of phishing assaults.
Apparently, safety agency BlockAid identified that the attackers used multi-chain drain kits beforehand used on Ethereum and Solana. Greater than 300 malicious decentralized purposes (dApps) have been launched on TON in September alone, highlighting the escalation of threats.
Goal Bitcoin customers
In the meantime, the nameless pockets drainer urged customers to show their consideration to flagship digital asset Bitcoin. Within the put up, the hackers mentioned that those that loved working out on TON would additionally discover concentrating on Bitcoin enticing.
CertiK, one other main blockchain safety firm, lately highlighted that dangerous actors are more and more drawn to Bitcoin as a consequence of its excessive transaction volumes, giant person base, and whole worth locked (TVL). necessary.
Phishing assaults towards Bitcoin holders have elevated sharply in current months. Some of the notable incidents concerned a $238 million assault on a Bitcoin whale, additional highlighting the rising dangers within the area.
