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Security agency: USDT fake recharge incidents occurred on the TON chain, exchanges need to be careful

Security agency: USDT fake recharge incidents occurred on the TON chain, exchanges need to be careful

CointimeCointime2024/06/21 10:19
By:Cointime

Security firm Dilation Effect tweeted a reminder that attackers have recently attempted large-scale fake USDT deposits on the TON chain. Dilation Effect's on-chain monitoring system discovered a malicious address deploying a fake USDT token contract with metadata identical to official USDT, and it has been conducting fake deposit tests on major exchanges. Dilation Effect warns that many exchanges have just started supporting USDT deposits on the TON chain, and their systems may not be fully developed, making them vulnerable to fake deposit attacks. Attackers typically start with small test deposits and gradually increase the amount in an attempt to deceive larger amounts of funds. Exchanges should strengthen monitoring, especially for large TON chain USDT deposits, to prevent fake deposit incidents from affecting fund security.

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