Zug, Switzerland, October 13th, 2023 – TON Foundation Partners with Elliptic for Enhanced Security
The TON Foundation has announced its collaboration with Elliptic, a leading blockchain analysis firm, to bolster the security and data intelligence of the Open Network (TON). As part of this partnership, Elliptic will screen all TON wallet addresses to identify and flag any associated with malicious actors or illicit activities. This measure aims to protect TON users and projects from potential risks. Additionally, Elliptic will assist in promoting Toncoin’s listing on reputable exchanges, enhancing its visibility and security within the ecosystem.
Building a Secure Web3 Ecosystem in Telegram
The TON Foundation’s collaboration with Telegram has gained momentum over the past year. With a 165% increase in registered accounts on TON, the partnership aims to provide a secure infrastructure for Telegram’s growing Web3 app ecosystem. By working together, both entities are committed to safeguarding users across the TON ecosystem from any association with criminal or illicit activities.
According to Justin Hyun, Director of Growth at TON Foundation, Elliptic’s support will play a crucial role in maintaining the security of TON’s rapidly expanding ecosystem.
About TON Foundation
The TON Foundation is a non-profit organization established in Switzerland in 2023. Fully funded by the community and operating in their best interests, the foundation supports initiatives aligned with The Open Network’s mission. For more information, visit https://ton.foundation.
About The Open Network (TON)
The Open Network (TON) aims to make cryptocurrency accessible to everyone by building a Web3 ecosystem within Telegram Messenger. TON provides billions of people with the opportunity to own their digital identity, data, and assets. To learn more, visit https://ton.org.
About Elliptic
Elliptic is a global leader in cryptoasset risk management, serving crypto businesses, governments, and financial institutions worldwide. Recognized as a WEF Technology Pioneer and backed by prominent investors such as J.P. Morgan and Santander Innoventures, Elliptic assesses risks associated with transactions worth trillions of dollars. Its comprehensive analysis helps uncover activities related to money laundering, fraud, terrorist fundraising, and other financial crimes. Headquartered in London, Elliptic operates offices in New York, Singapore, and Tokyo. For more information, visit www.elliptic.co.
Contact
TON Foundation
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