Telegram’s partnership with The Open Network (TON) and plans to adopt Toncoin has attracted scammers launching a pyramid scheme to exploit users.

The scam, detailed by cybersecurity firm Kaspersky, specifically targets the TON community, aiming at theft of Toncoins through a sophisticated referral fraud.

Since November 2023, as TON gained traction, this scam has been active globally, prompting experts to raise alarms about the potential risks for unsuspecting token holders.

Kaspersky’s insights reveal a troubling trend, underscoring the importance of vigilance in the rapidly evolving cryptocurrency landscape.