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Telegram’s associated blockchain platform, The Open Network (TON), is under intense pressure due to the increase in phishing attacks on its ecosystem. A blockchain security expert has warned about this growing threat, highlighting the significant impact on the platform’s development.

According to the founder of security firm SlowMist, Yu Xian, the TON ecosystem, which includes several decentralized applications (DApps) and tokens based on its blockchain, has been a frequent target of phishing attackers. As Xian pointed out, the accelerated growth of the ecosystem in 2024 attracted the attention of scammers, who have been exploiting vulnerabilities to scam users.

Phishing hits in the TON ecosystem

Furthermore, Xian highlighted that phishing attacks are facilitated by scammers’ easy access to messaging groups on Telegram, where they disseminate malicious links.

“The Telegram ecosystem is very loose, and many phishing links — or bot forms — are spread through message groups, airdrops and other deceptive methods to lure users’ TON wallets in batches,” he said.

One of the main concerns is Telegram users using anonymous numbers, a feature introduced in 2022. These numbers allow you to create Telegram accounts without the need for a SIM card. Xian warned that if an account associated with an anonymous number was compromised, recovery could be difficult. This is especially true if the user has not enabled an independent password or two-step verification.

The rise in phishing attacks coincides with exponential growth of the TON ecosystem in 2024. Data from BitGet indicates that the TON ecosystem now contains 43 tokens with a total market value of $19.2 billion. Additionally, the total value locked (TVL) across multiple TON projects reached $648 million, an increase of 4,500% since the beginning of the year, according to Defi Llama.

Amid growth, several security platforms have issued warnings about the risks of phishing and scams in the TON ecosystem. In April, for example, cybersecurity company Kaspersky warned about a major scam involving users of the ecosystem, which used unofficial Telegram bots to steal coins by linking Wallet, the third-party cryptocurrency wallet on Telegram, to the bot system .

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