Bad actors are increasingly attempting to exploit crypto exchange deposit systems, according to reports. While fake deposits are not common, blockchain analysts had previously warned about this type of attack in 2023.
The attack involves transferring funds to an account without a deployed contract, resulting in the deposited amount bouncing back to the attacker’s account after deducting a handling fee. This leaves the exchange with a deposit record, but the deposited currency returns to the attacker’s account.
The problem of false deposits is said to be common across most blockchains, including the TON blockchain. There are currently no indications that the recent activity has led to profits for the bad actors.
However, there have been instances where scammers successfully attacked trading platforms with fake tokens. For example, following an upgrade, hackers managed to trick the deposit system of Coinhub, a Mongolian crypto exchange, with fake token deposits and successfully withdrew all GALA from the exchange.