Infosecurity Magazine: Fraudsters Exploit Telegram’s Popularity For Toncoin Scam
Scammers have been observed employing a sophisticated tactic to steal Toncoins (TON) from Telegram users globally.
Jun 13
Subsequently, victims are coerced into purchasing “boosters” via a separate bot. These boosters, labeled as “bike,” “car,” “train,” “plane,” or “rocket,” come with varying costs ranging from 5 to 500 Toncoins, depending on the selected tariff.“The ‘boosters’ are advertised by scammers as tools that somehow allow users to earn on their coins,” explained Olga Svistunova, senior web content analyst at Kaspersky. “This scheme resembles boosters in online games – by purchasing one, the user gains additional advantages.”
The scheme further escalates as victims are encouraged to create private Telegram groups with friends, sharing referral links and instructional videos pre-recorded by the scammers.For context, the Telegram Open Network (TON), initially developed by the Durov brothers and now supported by an independent community, reportedly boasts 900 million monthly users, making it an enticing target for fraudulent activities.Scammers have been observed employing a sophisticated tactic to steal Toncoins (TON) from Telegram users globally.This scheme, uncovered by researchers at Kaspersky and described in a report published today, has been operational since November 2023 and exploits the growing popularity of both TON and the messaging platform Telegram.Targets from various regions have fallen victim to the fraudsters’ ploy.
The perpetrators attract unsuspecting Telegram users through a referral system, enticing them with promises of an “exclusive earning program” shared via contacts in their network.The scheme unfolds as victims are directed to join an unofficial Telegram bot, supposedly created for storing cryptocurrency, and link it to a legitimate wallet. At the same time, they are instructed to procure Toncoins through official channels, such as the Telegram bot, P2P markets or cryptocurrency exchanges, fostering a false sense of security.
In light of these developments, Kaspersky experts cautioned users against falling for promises of quick riches and advised vigilance when dealing with cryptocurrency transactions. They recommended utilizing comprehensive security measures to safeguard against scams and staying informed about evolving fraudulent schemes.
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1. Your seat may be transferred to another attendee from your agency at no additional cost.
2. Your seat may be moved to our next available training date, even if it is in another location.
3. You can be granted 1 year's worth of access to our skills center and all the training it contains.
SEX OFFENDER MANAGEMENT SYMPOSIUM REFUND POLICY
Our Symposium aims to provide the most beneficial and practical experiences for our students. From providing resources, special guest speakers, and also networking and bonding experiences. All of this is costs for us at Intellect-LE. We do our best to cover the travel costs for our instructors as well as resource give aways for students and all of that is paid prior to the course dates. If we have a large amount of students cancel before class, this incurs a large out of pocket expense for use and we would not be able to sustain our course. When you or your agency registers and pays for class we believe you are attending. We understand that circumstances arise so while we do not refund paid seats, we do offer the following options;
1. Your seat may be transferred to another attendee from your agency at no additional cost.
2. Your seat may be moved to our next available training date, even if it is in another location.
3. You can be granted 1 year's worth of access to our skills center and all the training it contains.