The Open Network (TON) Foundation has today announced the
support of Elliptic, a leading blockchain analysis firm, to provide the network
with data intelligence and additional ecosystem security, supporting TON
Foundation with its goal of putting crypto in every pocket by building a web3
ecosystem in Telegram.
Elliptic will screen all TON wallet addresses and flag
those associated with bad actors, helping to prevent the exposure of TON users
and projects to these accounts. Elliptic will also promote Toncoin to have it
listed on reputable exchanges. This will provide greater visibility and
security to the ecosystem as TON Foundation expands the range of on-ramps
available for new users to enter TON’s ecosystem and experience true asset
ownership.
This latest step follows the announcement of TON
Foundation’s collaboration with Telegram providing the infrastructure for the
messenger’s growing Web3 app ecosystem. TON’s community has grown rapidly over
the past year, with the number of registered accounts on TON having grown by
165%. The collaboration will ensure that users across TON’s ecosystem are
protected from accounts associated with illicit or malicious 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. TON Foundation is 100%
funded by the community, acting in the community’s interests, 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) is putting crypto in every pocket.
By building a Web3 ecosystem in Telegram Messenger, TON is giving billions of
people the opportunity to own their digital identity, data, and assets.
About Elliptic
Elliptic is the global leader in cryptoasset risk
management for crypto businesses, governments, and financial institutions
worldwide.
Recognized as a WEF Technology Pioneer and backed by
investors including J.P. Morgan, Wells Fargo Strategic Capital, SBI Group, and
Santander Innoventures, Elliptic has assessed risk on transactions worth
several trillion dollars, uncovering activities related to money laundering,
terrorist fundraising, fraud and other financial crimes.Elliptic is headquartered
in London with offices in New York, Singapore, and Tokyo.