The Open Network (TON) Ecosystem Faces Serious Challenges With Increasing Phishing Attacks

The surge in network activity and the increase in the price of the original TON token were targeted by fraudsters.

The Open Network (TON) ecosystem is facing serious challenges as phishing attacks are on the rise. The increasing network activity and the surging price of the native TON token have made it a prime target for fraudsters.

Methods used in these scams include fake airdrops and other tactics designed to gain access to users’ TON wallets, which may contain valuable assets like NFTs.

Telegram users who use anonymous numbers are particularly vulnerable to this phishing attack. Introduced in late 2022, the anonymous number feature allows users to create an account without a SIM card, but it also comes with heightened security risks. If these accounts fall victim to a phishing scam, the linked Telegram account could be lost, especially if the user has not set up an additional password or enabled two-step verification.

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ToN Ecosystem Spectacle Growth In 2024

The Open Network (TON) has experienced a remarkable growth, with Layer 1 decentralized blockchain daily transfer volume reaching 10% of Bitcoin’s figures, Crypto Potato reports.

In this context, Bitcoin’s daily transfers reached $50 billion (around Rp. 818 trillion) while TON transfers ranged between $5 billion (around Rp. 81 trillion) to $10 billion (around Rp. 163 trillion) last week.

Several factors are contributing to this growth, including an advertising system on Telegram that shares direct channel revenues with its owners in TON crypto assets. The launch of The Open League program is also providing long-term incentives for stakeholders in the TON community.

Recent data from DeFiLlama shows a spike in TONS, with total value locked (TVL) reaching nearly $650 million (around Rp. 10 trillion). This marks a surge of over 4,540% since early 2024, when the TVL stood at around $14 million (around Rp. 229 billion).

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