• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
Telegram Bot Token

Security Firm Warns Of Telegram Bot Token Risks As Wallet Goes Live

Jake Simmons
by Jake Simmons
1 year ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The unveiling of Telegram’s self-custodial wallet on The Open Network (TON) blockchain has been met with a mix of anticipation and caution. While the wallet promises to revolutionize how over 800 million users manage their digital assets, blockchain security firm Certik has issued a stark warning about the potential risks associated with Telegram bot tokens.

Certik’s Deep Dive On Telegram Bot Tokens

On September 13, Certik released a cautionary message on social media platform X, highlighting the potential pitfalls of the burgeoning Telegram bot token market. Their analysis reveals that over 40% of these tokens could be exit scams, a concerning statistic for potential investors.

Since July 20, 2023, bot tokens have witnessed a staggering rise in popularity, with gains surpassing 1,000%. This surge is largely attributed to the success of UNIBOT, a pioneering bot token that saw its price soar by nearly 1300% on its listing day, reaching an all-time high of $90.

Related Reading: From Messages To Money: Telegram Unveils Integration With Crypto Wallet For 800 Million Users

Certik’s analysis further delves into the nature of these tokens, describing them as “narrative shape-shifters” that adapt to both meme and traditional stories. The hype around mini-game tokens, such as the infamous HAMS, has only added fuel to the fire. Another notable mention is PAAL AI, a bot token project akin to ChatGPT, which, despite its potential, hasn’t yet launched its own Telegram bot. But, out of the 61 bot token projects listed on Coingecko, Certik’s research suggests that almost 40% could be exit scams.

UNIBOT, the most prominent of these tokens, operates on the Ethereum blockchain and boasts over $80 million in transactions and $1.5 million in shared revenue. Beyond mere trading, it offers features like limit orders and trade copying. However, Certik has also raised concerns about UNIBOT’s approach to private key storage, hinting that those looking for cold storage solutions might need to look elsewhere.

A New Era For Crypto?

Telegram’s newly launched wallet, built on the TON blockchain, is poised to be a game-changer. It offers users an innovative integration that allows seamless management of crypto assets without switching apps. This integration is expected to significantly boost the use of Telegram bots and apps, with Binance research already showing that Telegram bots have facilitated $250M in total trades and $10M in daily transactions.

The wallet’s user-friendly interface is complemented by features that allow users to top up using a bank card, choose their preferred currency, and execute crypto trades effortlessly. One of its standout features is TON Space, where users can send and receive crypto, manage NFT collectibles, and even handle Telegram usernames and DNS. Additionally, the P2P market feature facilitates easy trading of crypto to fiat and vice versa.

Related Reading: Telegram And TON Blockchain Deepen Integration With This New Crypto Feature

With this wallet integration, the TON foundation has set an ambitious goal: to onboard around 30% of Telegram’s active users onto the TON blockchain within the next 3-5 years, potentially setting the stage for a broader adoption of Web3 technology.

Telegram’s association with TON isn’t new. In May 2020, Telegram had announced its decision to discontinue its involvement with TON due to regulatory pressures, a move that was confirmed by Telegram founder Pavel Durov. Despite the past challenges, Telegram’s recent endeavors indicate a renewed commitment to the TON blockchain. However, it’s worth noting that the new wallet feature will not be available to users in the United States, a decision likely influenced by regulatory constraints.

The launch of the self-custodial wallet on the TON blockchain marks a significant milestone in the crypto world. However, as the ecosystem evolves, Certik’s analysis serves as a timely reminder for users to exercise caution and conduct thorough research, especially when navigating the complex landscape of bot tokens.

At press time, UNIBOT traded at $76.17.

Telegram UNIBOT
UNIBOT price, 1-day chart | Source: UNIBOTUSD on TradingView.com
Featured image from Hamon Technologies, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Jake Simmons

Jake Simmons

Follow

Jake Simmons has been a Bitcoin enthusiast since 2016. Ever since he heard about Bitcoin, he has been studying the topic every day and trying to share his knowledge with others. His goal is to contribute to Bitcoin's financial revolution, which will replace the fiat money system. Besides BTC and crypto, Jake studied Business Informatics at a university. After graduation in 2017, he has been working in the blockchain and crypto sector. You can follow Jake on Twitter at @realJakeSimmons.

Full Profile

Related Posts

Litecoin vs XRP news

Litecoin Slams XRP As ‘Rotten Egg Token’ In Viral X Post

Just now
New Bitcoin Whale Born with a $163M Purchase – Why $HYPER Could Be the Next Big Winner

New Bitcoin Whale Born with a $163M Purchase – Why $HYPER Could Be the Next Big Winner

15 hours ago
Analyst predicts Bitcoin to $10m Bitcoin Hyper gains

Bitcoin Adviser’s Luke Broyles Predicts a $10M Bitcoin, Hyping Up Bitcoin Hyper’s $13M Presale

17 hours ago
Hong Kong

Hong Kong University Explores Accepting Bitcoin For Fees Payment

17 hours ago
Best Crypto to Buy Now as ETH Spot ETFs Record $13.7B in Inflows

Best Crypto to Buy Now as ETH Spot ETFs Record $13.7B in Inflows

1 day ago
Investors Watch $SNORT as First UK Solana Treasury Is Announced

Investors Watch $SNORT as First UK Solana Treasury Is Announced

1 day ago

Premium Sponsors

Press Releases

  • Cloud Mining

    Can Cloud Mining Earn You $100,000 a Month? The Most...

    12 hours ago
  • ETNCrypto

    Win $100 Free Bonus: ETNCrypto Cloud Mining Launches Daily...

    13 hours ago
  • Ripple ecosystem expands: Gemini launches XRP credit card...

    14 hours ago
  • Trump to Launch WLFI Token on September 1st, DOT Miners...

    14 hours ago
  • XRP Investors Flock to BAY Miner, Earning Daily BTC Returns...

    16 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.