The Open Network (TON) Foundation Announces Partnership with Elliptic for Enhanced Security
The TON Foundation has teamed up with Elliptic, a leading blockchain analysis firm, to enhance the security and data intelligence of the network. The partnership aims to protect TON users and projects from bad actors by screening all TON wallet addresses and flagging any associated with illicit activities. Additionally, Elliptic will support the listing of Toncoin on reputable exchanges, providing greater visibility and security to the ecosystem.
This collaboration follows TON Foundation’s previous announcement of its partnership with Telegram to develop a Web3 app ecosystem. As TON’s community continues to grow rapidly, this partnership ensures that users are safeguarded from accounts involved in malicious or criminal activities.
“Elliptic’s support will ensure that TON’s ecosystem remains secure as it continues to scale at pace, with users protected from malicious or 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. The foundation is fully funded by the community and supports initiatives aligned with The Open Network’s mission. To learn more, visit https://ton.foundation.
About The Open Network (TON)
The Open Network (TON) aims to make crypto accessible to everyone by building a Web3 ecosystem within Telegram Messenger. This initiative empowers billions of individuals to own their digital identity, data, and assets. For more information, visit https://ton.org.
About Elliptic
Elliptic is a global leader in cryptoasset risk management, providing services to crypto businesses, governments, and financial institutions worldwide. The company has assessed risk on transactions worth trillions of dollars and has successfully uncovered activities related to money laundering, terrorist financing, fraud, and other financial crimes. With headquarters in London and offices in New York, Singapore, and Tokyo, Elliptic is backed by prominent investors such as J.P. Morgan and Santander Innoventures. For more information, visit www.elliptic.co.
Hot Take: TON Foundation Strengthens Security with Elliptic Partnership
The collaboration between the TON Foundation and Elliptic is a significant step towards enhancing the security of the TON network. By leveraging Elliptic’s expertise in blockchain analysis, TON can identify and mitigate potential risks associated with bad actors within its ecosystem. This partnership not only safeguards users but also promotes the growth of Toncoin by facilitating its listing on reputable exchanges.
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