TON Foundation Partners with Chainalysis for Rapid Fund Recovery

• The Open Network (TON) Foundation has partnered with Chainalysis to use its Crypto Incident Response Service.
• This service is designed to combat cyber-attacks and unauthorized network intrusions, such as cryptocurrency theft or ransom demands.
• Chainalysis offers a 24/7 hotline and advanced investigative capabilities to address incidents and liaise with law enforcement if necessary.

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

Chainalysis Provides Investigative Services

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. Justin Hyun, Head of Incubation at TON Foundation, expressed the organization’s insights on enlisting Chainalysis’s Crypto Incident Response Service, referring to it as the „industry gold standard“ for providing a rapid response to hacks or exploits. Hyun claims that bad actors must be rooted out, and that such a measure is vital to ensuring an optimal experience for TON’s growing user base.

Chainalysis Offers 24/7 Hotline

Chainalysis offers a 24/7 hotline for proactive Crypto Incident Response customers, assigning a dedicated team to respond to incidents such as hacks, ransomware attacks, code exploits, or flash loan attacks. The Chainalysis team works tirelessly, leveraging advanced investigative capabilities, to address incidents and if needed liaison with law enforcement and asset recovery counsel. Having worked on hundreds of cases involving cryptocurrency; Chainalyses investigators have helped solve some of the most high-profile cyber-criminal cases.

Rapid Tracing & Labeling Fund In Platform

The Chainalogy Crypto Incident Response program streamlines the engagement process; ensuring no time is wasted regardless of the victim’s location Quick tracing and labeling of funds in the chainalogy platform can be crucial in preventing bad actors from cashing out their ill-gotten gains.

High Performance & Scalability

The Open Network (TON) features a layer 1 architecture designed top scale up 2 power 32 workchains each of which can be subdivided into up 2 power 60 shardchains This design enables ton supports millions of transctions per second without compromising security To ensure mass adoption in web 3 technology powered by high performance scalability rooting out bad actors will ensure an optimal experience for TO’s growing user base