Experts Warn That Phishing Attacks Could Affect the Telegram-Backed TONNE Blockchain

The Web3 sector is generally considered to have a high exposure to cyber attacks and hacks, but the Telegram-backed The Open Network (TON) blockchain has found itself in particular trouble. According to blockchain security firm SlowMist, the TON blockchain faces a high risk of phishing attacks. The entire TON ecosystem is currently under threat, which could negatively impact the blockchain's short-term plans, especially since the project's stated goal is to have 500 million on-chain users by 2028.

What do internet experts say?

Yu Xian, the founder of SlowMist, alerted the team behind the TON blockchain about looming phishing threats to the network on June 23. In phishing attacks, the actor entices potential victims into sharing their private information – personal as well as financial – in order to exploit the information and steal funds. "More and more online fishing activities in the ton -o -o -system. Telegram -Cosystem is free. Many online fishing links (or robot tables) are distributed through message groups, air conditioning and other decree methods.

TON increase

Telegram's founders, the Durov brothers, first came up with the idea of an open network around 2018. Later in 2022, the TON network became fully operational and operational. Recently, TON coins were listed on Binance for deposits and withdrawals. At the time of writing, TON is trading at $7.31 (approx. Rs. 610) on CoinMarketCap. Since 2022, Web3 investment firm DWF Labs has injected $10 million (roughly Rs. 80 billion) into the Layer-1 blockchain network. Around the same time, Telegram announced that it would be auctioning rare usernames on the TON market.