Crypto NewsCybersecurity NewsNews

SlowMist Reveal Phishing Attacks Prevalent in TON Ecosystem

Loading

SlowMist, a blockchain firm, has warned about the prevalence of phishing attacks within the TON ecosystem. The attacks involve disseminating numerous phishing links and bots through various groups, often employing deceptive tactics such as fake airdrops.

Furthermore, these malicious actors aim to compromise the security of users’ TON wallets, particularly those associated with Anonymous Telegram Numbers. It’s worth noting that many individuals utilize Anonymous Telegram Numbers to create their Telegram accounts.

Community Vigilance to Phishing Attacks on TON

This revelation underscores the importance of remaining vigilant and proactively safeguarding one’s digital assets and personal information within the TON ecosystem.

Phishing links and bot forms are circulating through message groups, airdrops, and other deceptive methods to deceive users and obtain their TON wallets in bulk.

NFTs, including Anonymous Telegram Numbers, are equivalent to mobile phone numbers and are commonly used to set up Telegram accounts.

A TON user explained on X, “Phishing methods are consistent, so it’s important to stay vigilant.  Protecting against these threats is quite challenging. The gaming ecosystem conflicts with Telegram’s development philosophy, as games thrive on continuous promotion and user engagement, while Telegram prioritizes user privacy.

A Trader Lost $11 Million In a Defi Phishing Attack

A trader lost $11 million worth of aEthMKR and Pendle USDe tokens in a phishing attack within the decentralized finance (DeFi) ecosystem. The victim, whose address is 0xfb…accfa, fell prey to a sophisticated phishing scheme, signing multiple Permit signatures that allowed the scammer, with address 0x73…bb96, to drain their assets.

However, this incident and the recent “hack” of emails at exchanges involving USDT raises concerns about the depth and reach of malicious actors within the DeFi space.

“The manipulation of market sentiment through such attacks is a worrying trend,” says an X user. “The ‘quick pump’ mentality some prioritize undermines the crucial principle of maximum security that should be foundational to any decentralized platform.

Additionally, the pursuit of scalability at the cost of security creates a precarious ecosystem, leaving users vulnerable to exploitation.”

An X user stated their preference: “Too bad they get to learn too late because all they want is the quick pump, undermining the imperative need for maximum security, which eventually yields desired scalability.”