The Open Network (TON) Foundation Partners with Elliptic to Enhance Ecosystem Security
The TON Foundation has joined forces with Elliptic, a leading blockchain analysis firm, to bolster the security and data intelligence of the Open Network (TON). The TON Foundation aims to make cryptocurrency accessible to everyone by building a web3 ecosystem within Telegram.
Elliptic will play a crucial role in this partnership by screening all TON wallet addresses and identifying any associated with illicit activities. By flagging these accounts, Elliptic will help protect TON users and projects from potential risks. Additionally, Elliptic will support the listing of Toncoin on reputable exchanges, enhancing visibility and security within the ecosystem.
This collaboration follows TON Foundation’s recent partnership with Telegram to provide infrastructure for the messenger’s Web3 app ecosystem. With TON’s community growing rapidly, it is crucial to safeguard users from malicious actors.
“Elliptic’s support will ensure that TON’s ecosystem remains secure as it continues to scale, protecting users from criminal activity,” said Justin Hyun, Director of Growth at TON Foundation.
About TON Foundation
The Open Network Foundation (TON Foundation) is a non-profit organization founded in Switzerland in 2023. It operates with community funding and supports initiatives aligned with The Open Network’s mission. Learn more at https://ton.foundation.
About The Open Network (TON)
The Open Network (TON) aims to make cryptocurrency accessible to billions of people by building a Web3 ecosystem in Telegram Messenger. It empowers individuals to own their digital identity, data, and assets. Find out more at https://ton.org.
About Elliptic
Elliptic is a global leader in cryptoasset risk management, serving crypto businesses, governments, and financial institutions worldwide. With the backing of prominent investors such as J.P. Morgan and Santander Innoventures, Elliptic has assessed risks on transactions worth trillions of dollars, uncovering illicit activities like money laundering and fraud. Headquartered in London, Elliptic has offices in New York, Singapore, and Tokyo. For more information, visit www.elliptic.co.
Contact TON Foundation at [email protected]
Hot Take: Enhancing Security for TON’s Web3 Ecosystem
The partnership between the TON Foundation and Elliptic represents a significant step towards fortifying the security of the Open Network’s web3 ecosystem. By leveraging Elliptic’s expertise in blockchain analysis and risk management, TON aims to protect its users and projects from malicious actors. This collaboration also emphasizes TON’s commitment to expanding its reach by listing Toncoin on reputable exchanges, ensuring greater visibility and security for all participants. With the rapid growth of TON’s community, maintaining a secure environment becomes paramount to fostering trust and enabling widespread adoption. By prioritizing user protection and ecosystem integrity, TON is well-positioned to achieve its goal of making cryptocurrency accessible to everyone.
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