Hackers are currently targeting the USDT blockchain top-up system on TON in an attempt to defraud crypto exchanges with fake deposits. This activity was detected by the Dilation effect chain monitoring system, which discovered a malicious TON address.
Hackers are currently targeting the USDT blockchain top-up system on TON in an attempt to defraud crypto exchanges with fake deposits. This activity was detected by the Dilation effect chain monitoring system, which discovered a malicious TON address.
This entity uses a fake USDT token contract that imitates official USDT metadata to conduct fraudulent reload tests on various exchanges.
Gamza Khanzadaev
Exchanges are recommended 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 foreign exchange deposit protocols.
Interestingly, the fraudulent activity emerged amid Binance, the world’s cryptocurrency exchange, which recently integrated USDT into TON for deposits and withdrawals. The timing of this scam also raises concerns about the security of TON transactions, especially as many exchanges have recently started supporting USDT deposits on this blockchain.
Godfrey BenjaminThe issuance of USDT on TON was announced 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.
In this situation, exchanges and users are advised to remain vigilant and monitor any unusual activity.
