The messaging app Telegram is witnessing an increase within the variety of Toncoin (TON) ecosystem-focused scams, in accordance with a report by blockchain reporter Colin Wu.
Citing the blockchain safety agency SlowMist, Wu says that there are presently “many phishing attacks” occurring within the ecosystem of the layer-1 blockchain aided by Telegram.
“Many phishing links (or bots) are spread through groups, using fake airdrops and other methods to hack assets in users’ TON wallets, especially Anonymous Telegram Numbers. Many people use it to create Telegram accounts, and if it is stolen, it means that the corresponding Telegram account may also be stolen unless a separate password is enabled.”
Apart from the phishing scams, cybersecurity agency Kaspersky in April highlighted a Toncoin-focused pyramid scheme being carried out on Telegram.
“Scammers promote a ‘super-secret awesome bot’ and referral hyperlinks as the important thing to incomes Toncoin. Briefly: you make investments your cash, purchase ‘booster’ tariffs, invite mates, and earn fee from each coin invested. The pyramid scheme incentivizes bigger investments with the promise of upper returns.
In response to our knowledge, this rip-off has been lively since a minimum of November 2023 – concentrating on each Russians and customers from different nations…
…The scammers promise earnings from two sources:
– A set fee of 25 TON for every invited pal.
– Fee primarily based on the booster tariff bought by your referrals.
It seems to be a traditional pyramid scheme, the place every participant is ‘a partner rather than a freeloader’. Sadly, no one earnings besides the scammers, and all ‘partners’ lose their investments.”
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