[PRESS RELEASE – Zug, Switzerland, October 13th, 2023]
The Open Network Foundation (TON) today announced support from Elliptic, a leading blockchain analytics company, to provide the network with data intelligence and additional ecosystem security, supporting the TON Foundation in its goal of putting cryptocurrencies in every pocket by building the web3 ecosystem. In a telegram.
Elliptic will scan all TON wallet addresses and flag addresses associated with bad actors, helping to prevent TON users and projects from being exposed to these accounts. Elliptic will also promote Toncoin for listing on reputable exchanges. This will provide greater visibility and security to the ecosystem as the TON Foundation expands the range of on-ramps available for new users to enter the TON ecosystem and experience real asset ownership.
This latest move comes on the heels of the announcement of the TON Foundation teaming up with Telegram to provide the infrastructure for the messaging software’s growing Web3 app ecosystem. The TON community has grown rapidly over the past year, with the number of registered accounts on TON increasing by 165%. The collaboration will ensure that users across the TON ecosystem are protected from accounts associated with illegal or malicious activities.
“Elliptic’s support will ensure that the TON ecosystem remains secure as it continues to expand at a rapid pace, while protecting users from malicious or criminal activity,” said Justin Hyun, Director of Growth at the TON Foundation.
About Tone Foundation
The Open Network Foundation (TON Foundation) is a non-profit organization founded in Switzerland in 2023. The TON Foundation is 100% community funded, works for the benefit of the community, and supports initiatives aligned with the Open Network mission. Learn more through https://ton.foundation.
About Open Network (TON)
The open network (TON) puts cryptocurrencies in every pocket. By building the Web3 ecosystem into Telegram Messenger, TON gives billions of people the opportunity to own their digital identity, data and assets. See more at https://ton.org.
Elliptic is the global leader in crypto asset risk management for cryptocurrency companies, governments and financial institutions around the world.
Recognized as a technology leader at the World Economic Forum and backed by investors including JP Morgan, Wells Fargo Strategic Capital, SBI Group, and Santander Innoventures, Elliptic has assessed risks on transactions worth multi-trillion dollars, disclosing Activities related to money laundering, terrorist fundraising, fraud, etc. Financial crimes.
Elliptic is headquartered in London, with offices in New York, Singapore and Tokyo. To learn more, visit www.elliptic.co.
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