TON-Based Wallet Drainer Targets Bitcoin Next

A TON-based wallet drainer has announced its shutdown, blaming a lack of high-value holders in the community, for its failure.

A TON-based wallet drainer recently shut down and announced its move to Bitcoin, blaming the lack of high-value holders in the TON community. The drainer, which Scam Sniffer flagged on October 7, directed users to an alternative service focusing on Bitcoin.

These phishing scams work by tricking crypto holders into connecting their wallets to fake services. Once connected, the scammers can take funds due to a lack of further authentication. In September alone, these kinds of scams led to about $46.6 million in losses, with one attack draining over $32 million.

Polymarket Profits Only 12.7% of Users

Polymarket, a decentralized prediction market, has been profitable for just 12.7% of its user wallets, according to Layerhub data. Out of 171,113 wallets, 87.3% reported losses, with only 21,730 showing profits.

Most profitable wallets earned under $100, while just 2,138 wallets made over $1,000. The platform has handled around 10.8 million trades, recently exceeding 300,000 daily trades due to interest in current events like geopolitical conflicts and the upcoming U.S. presidential election. As of October 9, open interest on Polymarket was valued at $161.1 million.

Plus Wallet Streamlines Trading With Security And Speed

As the crypto market grows, companies need faster ways to handle payments. Traditional invoicing systems can be slow and costly, negatively impacting business operations. Plus Wallet addresses this with its free, easy-to-use invoicing tool.

This tool lets companies create and send invoices in both USD and various cryptocurrencies, allowing them to quickly receive payments in their chosen currency. The invoicing process is easy: users customize the invoice, send it forward, and wait for payment—all without any fees.

The platform also massively speeds up other time-consuming processes like presale listings. After a swift verification process, presales can go live in less than an hour—much faster than traditional wallets, which often take weeks to complete the same process.

Along with speed, Plus Wallet ensures enterprise-level security. The platform uses strong encryption to protect users’ assets, storing the private keys locally on the user’s device. As a result, the user has sole access to their assets and information.

The wallet also offers added protection through two-factor authorization, which includes Face ID and PIN code authentication. This strong commitment to both speed and security makes Plus Wallet one of the best crypto hot wallet options for traders and businesses to succeed in the competitive crypto market.

Best Crypto Hot Wallet In 2024Geopolitical tensions have impacted profits for Polymarket users, but experts believe the market is resilient enough to recover from these effects.

As crypto’s popularity grows, threats like the TON-based wallet drainer are expected to grow too. In this environment, it’s important to choose the best crypto hot wallets that let users stay active in the market while keeping their assets safe—Plus Wallet does just that.

Additionally, Plus Wallet’s free invoicing and quick presale listings help businesses stay competitive, while its strong security features offer much-needed protection as market risks increase.