Crypto News

TON Wallet Drainer Shuts Down, Shifts Focus to Bitcoin

TON Wallet Drainer Shuts Down, Shifts Focus to Bitcoin
© Copyright Image: TronWeekly

  • Closur of th TON wllt drinr riss concrns s hckrs shift thir focus to Bitcoin for potntil gins.
  • Scurity xprts wrn of growing mlicious intrst in th TON cosystm du to its vulnrbilitis.
  • Phishing ttcks prsist, with Sptmbr rporting ovr 10,800 victims nd $46.6 million in losss.

Th lndscp of crypto scms is constntly volving, with mlicious ctors dpting thir tctics to xploit nw vulnrbilitis. A wllt drinr spcificlly trgting Th Opn Ntwork (TON) nnouncd its closur on Octobr 7th, s rportd by th Wb3 nti-scm solution Scm Sniffr. Howvr, this dvlopmnt highlights troubling trnd: th drinr is now rdircting its usrs towrd Bitcoin.

Th closur notic citd th communitys lck of whls high-vlu crypto holdrs. Du to TON not hving whls nd it bing smll community, w will clos, th hckrs wrot. This sttmnt mphsizs th conomic motivtion bhind ths scms, s trgting individuls with substntil crypto holdings rsults in lrgr potntil gins.

Th drinr bltntly dvrtisd switch to Bitcoin, suggsting victims with pnchnt for drining on TON would find drining Bitcoin qully ppling. Th nnouncmnt vn includd promotion for diffrnt srvic, n upgrdd drinr supposdly in dvlopmnt for fw months now with plnnd rls within wk. This bold shift in focus riss concrns bout potntil influx of crypto thft ttmpts trgting Bitcoin holdrs in th nr futur.

Source: Scm Sniffr | Wb3 nti-scm

Malicious Activity Grows in TON

Whil th TON drinrs closur might ppr positiv on th surfc, scurity xprts wrn bout brodr trnd. Rz Niv, co-foundr of Blockid, blockchin scurity firm, obsrvd growing intrst in th cosystm from mlicious ctors. Wr sing lot of drinrs bcom mor nd mor intrstd in th TON cosystm [bcus] thr is so much vlu strmd through TON, Niv xplind. This incrsd intrst likly stms from th ntworks rltiv lck of robust scurity tools comprd to stblishd pltforms lik Ethrum.

This vulnrbility ws xploitd rlir this yr with TON drinr tht usd socil nginring tctics. Th scm involvd biting usrs with fk 5,000 USDt (Tthr) trnsction, lvrging its commnt ftur tht llows custom mssgs on trnsfrs. This disguisd th tru purpos of th trnsction to drin th victims wllt.  Th mssg Rciv 5,000 USDT coupld with Confirm button trickd unsuspcting usrs into uthorizing th frudulnt trnsction, rsulting in stoln funds.

The Ever-Present Threat of Phishing

Th TON drinr shutdown is strk rmindr of th prsistnt thrt posd by crypto scms. Phishing ttcks, common tctic, dciv usrs into linking thir wllts to mlicious srvics lik drinrs. According to dt from Scm Sniffr, Sptmbr sw mor thn 10,800 phishing victims, rsulting in stggring $46.6 million loss in digitl ssts. Notbly, singl lrg-scl phishing scm drind ovr $32 million in crypto lst month.

Ths sttistics highlight th importnc of crypto wllt scurity nd usr duction. Implmnting strong psswords, two-fctor uthntiction, nd rmining vigilnt ginst dcptiv mssgs r crucil stps towrds sfgurding digitl ssts. As th crypto spc volvs, usrs nd scurity firms must sty informd nd dpt to nw thrts, nsuring th cosystm rmins scur for lgitimt usrs.

Related Readings | Aave Approaching Key Accumulation Zone Ahead of 2025 Bull Market

Read more: https://www.tronweekly.com/ton-wallet-drainer-shuts-down-but-focus-on-btc/

Text source: TronWeekly

Disclaimer: Financial information and news are not financial advice, read the disclaimer.
Buy & sell Crypto in minutes

Join BINANCE!

The world's largest crypto exchange

You're just steps away from receiving your reward.

The most complete Crypto News Center.

Search Stories:

Latest top stories