Hackers are currently targeting the USDT on TON blockchain recharge system in an attempt to defraud crypto exchanges with fake deposits. This activity was detected by the Dilation Effect on-chain monitoring system, which discovered a malicious TON address.

This entity uses a fake USDT token contract that mimics the official USDT metadata to perform fraudulent recharge tests on various exchanges.

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Exchanges are advised to implement strict monitoring and verification processes for large deposits of TON chain tokens. Reports indicate that hackers are testing the system with small amounts before attempting larger transactions. This pattern suggests that they are identifying and exploiting weaknesses in exchange deposit protocols.

‼️ 紧急提醒：有攻击者在大批量尝试TON链USDT假充值，请交易所注意防范我们的链上监控系统发现，TON链存在恶意地址：EQBPePiHXhg8XzSRe6FWsDS8s2OHLS1Z2GrW2REL56pMTIKA此地址部署假冒的 USDT 代币合约（Metadata 数据与 官方 USDT 一样），往各大交易所进行假充值测试。 pic.twitter.com/j6sVUmdvzf

— Dilation Effect 膨胀效应 (@dilationeffect) June 21, 2024

Interestingly, the scam activity has emerged amid Binance, the world's cryptocurrency exchange, recently integrating the USDT on TON for deposits and withdrawals. The timing of this scam also raises concerns about the security of TON transactions, especially since many exchanges have only recently started supporting USDT deposits on this blockchain.

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The issuance of USDT on TON was announced back in April this year. Since then, USDT's presence there has grown significantly, reaching almost $600 million. This growth positions TON as the sixth largest blockchain by USDT volume, with TRON, Ethereum and Solana maintaining the top three.

Given this situation, exchanges and users are advised to stay vigilant and monitor any unusual activity.