TON Ecosystem Faces Phishing Surge Amidst 4,500% Increase in TVL

Amid increased network activity and the rising price of its native token, TON, the open network ecosystem is seeing a rise in phishing attacks.

Unassuming users’ TON wallets are lured through airdrops and other deceptive methods by attackers.

Telegram users with unknown numbers are at risk

Yu Xian — founder of blockchain security firm SlowMist — issued a warning about these malicious activities spreading primarily through group chats, with attackers reportedly using deceptive tactics like fake airdrops to hack users’ TON wallets and steal assets, including NFTs.

Many people are increasingly using anonymous Telegram numbers, which are similar to phone numbers, to create Telegram accounts. The platform expanded login options in late 2022 by adding anonymous number features, which eliminated the need for a SIM card. This method is based on blockchain technology, allowing users to access the platform.

According to the CEO, users of these accounts are increasingly at risk of becoming targets of these phishing attacks. tweet On June 24th.

If these accounts are hacked, it means that the corresponding Telegram account could also be lost, unless the user enables a separate password or two-step verification.

The Amazing Growth of TON Ecosystem in 2024

The open network has seen significant growth and increased activity this year. The daily transfer volume of the first-layer decentralized blockchain recently reached 10% of Bitcoin’s numbers. For context, the average daily transfer of Bitcoin is $50 billion, but the TON network’s daily transfer volume was found to fluctuate between $5 billion and $10 billion last week.

The surge in network activity can be attributed to several important developments including Telegram’s advertising system which aims to distribute half of the revenue generated by channels directly to their owners exclusively in the TON cryptocurrency.

Meanwhile, the launch of The Open League at the beginning of April introduced a long-term incentive structure designed to engage and reward stakeholders within the TON community.

Moreover, the latest version of DeFiLlama Data He also highlighted TON’s growth, revealing that its total value locked (TVL) rose to nearly $650 million on Monday, representing a nearly 7% increase in just one week. This also represents a 4,540% increase since the beginning of 2024, when the TVL number was close to $14 million.