The TON Foundation Partners with Elliptic for Enhanced Ecosystem Security and Analytical Insights
Zug, Switzerland, October 13, 2023 – Chainwire
The TON Foundation has today disclosed its partnership with Elliptic, a top-tier blockchain analytics company. This collaboration aims to bolster the network's security measures and provide essential data insights, thereby supporting the TON Foundation's vision of making cryptocurrency accessible to everyone through a vibrant web3 ecosystem within Telegram.
As part of this initiative, Elliptic will meticulously review all TON wallet addresses, identifying those linked to suspicious activities. This proactive measure is designed to safeguard users and projects within the TON ecosystem from potential threats. Elliptic will also aid in promoting Toncoin for listings on established exchanges, enhancing the visibility and security of the ecosystem as the TON Foundation broadens entry points for new users eager to experience true asset ownership.
This move comes on the heels of the TON Foundation’s collaboration with Telegram, which is instrumental in developing the messenger's expansive Web3 app ecosystem. The community surrounding TON has witnessed explosive growth, with registered accounts soaring by 165% in the past year. This partnership will further ensure that individuals across TON's ecosystem remain safe from accounts that engage in illegal or harmful activities.
"With Elliptic's backing, we can safeguard TON’s ecosystem as it rapidly evolves, ensuring protection for users against any malicious undertakings,\" remarked Justin Hyun, the Director of Growth at the TON Foundation.
About TON Foundation
Founded in 2023 in Switzerland, the Open Network Foundation (TON Foundation) is a non-profit entity dedicated to serving the community’s interests and fostering initiatives in line with The Open Network’s mission. More details can be found at https://ton.foundation .
About The Open Network (TON)
The Open Network (TON) strives to facilitate cryptocurrency accessibility for all. By developing a Web3 ecosystem within the Telegram Messenger, TON empowers billions to take control of their digital identity, data, and assets. Discover more at https://ton.org .
About Elliptic
Elliptic stands at the forefront of cryptoasset risk management, serving businesses, government agencies, and financial institutions globally.
Acknowledged as a WEF Technology Pioneer, Elliptic enjoys support from significant investors like J.P. Morgan, Wells Fargo Strategic Capital, SBI Group, and Santander Innoventures. The company has evaluated risks associated with transactions totalling several trillion dollars, exposing activities linked to money laundering, funding terrorism, fraud, and other financial misconduct.
With its headquarters in London and offices spanning New York, Singapore, and Tokyo, Elliptic is well-positioned in the industry. For more information, please visit www.elliptic.co .
Contact
TON Foundation
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