TON Foundation Partners with Chainalysis to Combat Cyber-Criminality

• The Open Network (TON) Foundation has partnered with Chainalysis to utilize its Crypto Incident Response Service, ensuring round-the-clock support for swift fund recovery in case of hacks or exploits.
• Chainalysis is a prime blockchain data platform that provides investigative services and support to both private and public sector organizations.
• By deploying Chainalysis’s rapid response retainer service, TON gains a robust means to combat cyber-attacks or unauthorized network intrusions, which may involve cryptocurrency theft or ransom demands.

The Open Network (TON) Foundation Partners With Chainalysis

The TON Foundation, dedicated to the advancement of The Open Network (TON), has partnered with Chainalysis to utilize its Crypto Incident Response Service, ensuring round-the-clock support for swift fund recovery in case of hacks or exploits.

About the TON Foundation

The Open Network (TON) Foundation is a non-profit association of developers and enthusiasts committed to advancing TON, a technology designed to unite all blockchains and Web2 internet into one open network.

About Chainalysis

Chainalysis is a prime blockchain data platform that provides investigative services and support to both private and public sector organizations.

Benefits of the Partnership

By deploying Chainalysis’s rapid response retainer service, TON gains a robust means to combat cyber-attacks or unauthorized network intrusions, which may involve cryptocurrency theft or ransom demands. Justin Hyun, Head of Incubation at TON Foundation expressed their insights on enlisting Chainalysi’s Crypto Incident Response Service referring it as the „industry gold standard“ for providing a rapid response. Hyun claims that bad actors must be rooted out for an optimal experience for TON’s growing user base.

Services Offered by Chainalaysis

Chainalysis offers a 24/7 hotline for proactive Crypto Incident Response customers assigning a dedicated team to respond quickly in cases such as hacks , ransomware attacks , code exploits or flash loan attacks . It has also worked on hundreds of cases involving cryptocurrency helping solve some high profile cyber criminal cases . The streamlines engagement process ensures no time is wasted regardless of victims location . Quick tracing and labeling of funds can help prevent bad actors from cashing out ill gotten gains .