Cybersecurity firm Kaspersky has reported an increase in fraud surrounding Toncoin. According to security experts, Telegram’s support for The Open Network (TON) blockchain and the Toncoin (TON) token has led to scammers targeting unsuspecting token holders. Since November 2023, scams against Toncoin holders have increased as interest and TON investments have ramped up. The attackers promote a complex referral scheme to steal TON tokens from users. Potential victims are invited to join a Telegram bot supposedly designed to store cryptocurrency and link a web3 wallet to the bot’s system. Victims are then forced to buy “boosters” using a bot. Scammers claim that users must complete this action to start earning money. However, purchasing a booster makes the user irrevocably lose control over his cryptocurrency.