A wallet feeder on The Open Network (TON) has said it will shut down because there aren’t any big crypto whales on the network. Drainer, who had been going after TON users, made the news on October 7 saying that the small size of the TON group was making it hard for them to make money.
The hackers saw that TON wasn’t a good place for them to drain because it didn’t have any whales. So, they sent their users to Bitcoin, hinting that people who liked sucking on TON would make more money by focusing on Bitcoin. In the release, they talked about a different draining service that focuses on Bitcoin and talked about how it could help them make more money.
Recently, bad people have become more interested in TON. Raz Niv, co-founder of Blockaid, says that more draining efforts have been made because the TON environment is becoming more valuable. In these types of schemes, people are usually tricked into signing deals that take valuable tokens from their wallets.
One popular method was to set up fake deals that promised big payouts, like 5,000 USDT. Scammers covered up the real purpose of these transactions by using TON’s comment feature. This made victims agree to actions that took money from them without realizing it. In May, scams like this took 22,000 tons of bitcoin, which was worth more than $150,000 at the time.
Attacks on TON have been on the rise, and hacking scams are also on the rise in the crypto world as a whole. It is estimated that phishing scams cost a whopping $46.6 million and affected 10,800 people in September alone. One especially bad deal took out more than $32 million, showing how dangerous it is to hold crypto.
The fact that the TON wallet drainer has shut down and is now focusing on Bitcoin makes people worry about the next wave of phishing and wallet draining scams that will target the biggest cryptocurrency in the world.
