Crypto Grifters Takes Flight from TON Blockchain to Bitcoin Markets

The post Crypto Grifters Takes Flight from TON Blockchain to Bitcoin Markets appeared first on Coinpedia Fintech News

Fraudsters have left the TON blockchain due to the absence of significant targets or “whales” for profitable cons. It is associated with TON’s extraordinary tokenomics and a high percentage of airdrop users, which does not allow wallet draining tools, which fraudsters use, to be attractive. Hence, these bad actors have migrated to the Bitcoin blockchain where they anticipate greater returns. Another phishing detector, Scam Sniffer also verified the shutdown of a TON-based wallet drainer service and mentioned that it is the end of TON being a popular target amongst cybercriminals.