Telegram-Linked Toncoin Price Soars, But So Do Scams As Hackers Steal $140K Worth Of Tokens From Unsuspecting Users
Portfolio Pulse from Aniket Verma
The price of Toncoin (TON) has surged, attracting attention from scammers who have stolen $140,000 worth of TON tokens. An address with a criminal history swindled 22,000 TON tokens from users by tricking them into clicking phishing links promising USDT transfers. Cybersecurity firm Kaspersky also reported a sophisticated phishing operation targeting TON holders. Despite these scams, Toncoin's price has soared 185% year-to-date, supported by Telegram's backing and its growing utility within the Telegram ecosystem.
May 10, 2024 | 5:21 am
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POSITIVE IMPACT
Toncoin's price has seen a significant increase, rising 185% year-to-date, despite recent scams involving the theft of $140,000 worth of TON tokens.
The price of Toncoin has continued to rise significantly, even in the face of security challenges. This is likely due to the strong backing from Telegram and its growing utility, which may outweigh the negative impact of the reported scams in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
USDT is mentioned as part of a phishing scam targeting TON holders, where scammers promise to transfer USDT to victims' wallets but instead steal TON tokens.
While USDT is involved in the phishing scam narrative, its direct impact on USDT's value or perception is minimal. The scam primarily affects TON holders and does not directly impact USDT's stability or market position.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50