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Telegram-Linked Toncoin Price Soars, But So Do Scams As Hackers Steal $140K Worth Of Tokens From Unsuspecting Users

Published 10/05/2024, 06:20
Updated 10/05/2024, 07:40
© Reuters.  Telegram-Linked Toncoin Price Soars, But So Do Scams As Hackers Steal $140K Worth Of Tokens From Unsuspecting Users
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Benzinga - Telegram-linked cryptocurrency Toncoin's (CRYPTO: TON) impressive run on the price charts this year has thrilled market participants, but the rising popularity has inadvertently drawn the attention of bad actors as well.

What Happened: According to Web3 anti-scam platform Scam Sniffer, an address with a criminal history swindled as many as 22,000 TON tokens from unsuspecting users over the past few days. At the current market price, the stolen amount was worth $140,000.

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