A wallet drainer operating on The Open Network (TON) blockchain has announced it is ceasing operations due to a lack of large investors (so-called "whales") in the network.

Service Shutdown and User Redirection

On October 7, an announcement was made by the TON-based wallet drainer, stating that it is officially shutting down and recommending its users move to another cryptocurrency draining service. Scam Sniffer, a Web3 platform focused on anti-fraud protection, shared a screenshot of this announcement. The #hackers explained that the lack of large investors in the TON ecosystem was the reason for the shutdown:

"Since TON has no whales and the community is small, we are closing down."

The announcement also urged users to switch to draining #bitcoin☀️ instead of TON, claiming that those who enjoyed draining on TON would "love" draining #BTC☀ as well.

New Focus and Departure from TON ( #Toncoin )

The wallet drainer directed its users to another service and announced that the TON-based draining system would not return. Back in June, some drainers had started focusing more on the TON ecosystem. Raz Niv, co-founder of Blockaid, noted that the amount of value flowing through TON had attracted the attention of more drainers.

Fake Transactions as a Trap for Users

One trick used by TON drainers involved fake transactions of 5,000 USDT. This scam exploited TON’s comment feature, which allows transfers to include custom messages, effectively masking the real purpose of signatures. Users were lured by messages such as "Receive 5,000 USDT" and a "Confirm" button, but once the transaction was signed, the tokens began to be drained.

Losses Due to Phishing

Scam Sniffer reported that similar scams in May resulted in the loss of 22,000 toncoins, which were worth over $150,000 at the time. Additionally, data shows that approximately 10,800 people fell victim to #phishingattack in September, with around $46.6 million in digital assets lost that month. The largest portion of these losses came from a single phishing transaction, which drained over $32 million in cryptocurrencies.

phising attack trick crypto holders into linking their wallets to fraudulent services like drainers, allowing malicious actors to withdraw their victim's funds without further verification.

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