After Toncoin, the native coin of the TON blockchain, grew strongly and surpassed Ethereum in the number of daily active addresses, experts warned of an increase in “crypto drainer” attacks targeting the platform. this rock.
TON, the blockchain originally developed by Telegram, is making headlines with the impressive growth of Toncoin. The factor driving this growth is Telegram's huge user base (900 million) and the popularity of games on the platform. However, the rise of TON has also attracted malicious actors, especially those behind “crypto drainers”.
According to Blockaid, a blockchain security company, attackers are shifting from Ethereum to TON, exploiting potential security vulnerabilities due to the platform's youth. The report shows that scammers are taking advantage of TON's unique comment feature to conduct phishing scams, causing significant losses to users.
Bitcoin: Next target?
“Crypto drainers” are malicious smart contracts designed to steal cryptocurrency from users' wallets. Even though Blockaid successfully disabled Violet Drainer, one of the most notorious “drainer,” attackers easily adapted and moved on to other targets, including TON and even Bitcoin.
With its large user base and huge market capitalization, Bitcoin becomes an attractive target. However, withdrawals on Bitcoin are different from Ethereum due to its unique blockchain structure. However, several Bitcoin withdrawals have been reported, raising concerns about the security of the entire cryptocurrency ecosystem.
Countermeasures and the future of cryptocurrency security
In response to the growing threat, security companies such as Blockaid, Fraud.net, Elliptic and AWA International are implementing stronger security measures.
Blockaid focuses on simulating transactions and screening for suspicious activity. While Fraud.net and Elliptic use machine learning and blockchain analysis to detect fraudulent transactions.
AWA International emphasizes comprehensive security measures, including multi-signature wallets and regular security audits. SentinelOne, a cybersecurity company, uses Singularity Endpoint technology to detect and prevent attacks on TON and other blockchains.
To address these evolving threats, security companies are using a multifaceted approach. Blockaid simulates transactions and screens for suspicious activity, integrating with popular wallets like MetaMask and Coinbase to provide real-time protection.
The fight against “crypto drainers” remains challenging due to their flexibility and the constantly evolving nature of the cryptocurrency market. This requires close cooperation between blockchain projects, security companies and user communities to build a safer and more secure environment.
The rise of TON is a testament to the potential of blockchain technology to revolutionize the traditional financial system. However, it is also a reminder of the importance of prioritizing cybersecurity to protect users from new threats.
