CDS Crypto News Certik Warns About TON-Based Wallet Launches and Telegram Bot Tokens
Crypto News

Certik Warns About TON-Based Wallet Launches and Telegram Bot Tokens

The launch of Telegram's self-custodial wallet on the TON blockchain prompted Certik, a blockchain security firm, to issue a warning about Telegram bot tokens due to concerns about rug pull scams.

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Certik Warns About Telegram Bot Tokens as TON-Based Wallet Launches

Crypto News- Certik warns about TON, the launch of the Telegram self-custodial wallet on The Open Network (TON) blockchain has prompted, a blockchain security firm, to issue a warning about Telegram bot tokens.The community has been eagerly anticipating the impact of this wallet on the use of Telegram bots within the industry.

Certik Warns About TON-Based Wallet Launches and Telegram Bot Tokens

On September 13, Certik issued a cautionary message on X (formerly known as Twitter), urging users to exercise caution and avoid getting caught up in the excitement surrounding Telegram bot tokens due to concerns about rug pull scams. Telegram trading bots connect to decentralized exchanges, execute trades based on predefined rules, and typically charge a nominal fee. Certik points out that since July 20, these tokens have experienced an “explosive surge” in popularity, with gains exceeding 1000%.

Certik Warns About TON-Based Wallet Launches and Telegram Bot Tokens
Certik Warns About TON-Based Wallet Launches and Telegram Bot Tokens 1

Certik attributes the spike in Telegram bot tokens to the initial success of UNIBOT. The price of UNIBOT surged by nearly 1300% on the day of its listing, leading to its current all-time high price of $90. As of the time of writing, the current price stands at $73. This development coincided with Telegram’s launch of a self-custodial wallet on the TON network on September 13. This move was aimed at giving users more control over their digital assets.

For projects established on the TON blockchain, Telegram’s advertising platform is set to offer priority access. This feature is currently accessible in user settings, with a global rollout planned for later in the year. Dealer DeFi, a pseudonymous user on X, highlighted research findings from Binance regarding Telegram trading bots and emphasized the potential for a significant increase in their numbers with the integration of the wallet.

Certik Warns About Telegram Bot Tokens as TON-Based Wallet Launches
Sources:beincrypto

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