TON Foundation, a non-profit association of developers and enthusiasts that exists to advance The Open Network (TON), has engaged the Chainalysis Crypto Incident Response Service for around-the-clock expertise and support to recover lost funds in the event of a hack or exploit.
The deployment of Chainalysis’s rapid response retainer service provides a robust means of combating cyber attacks or unauthorized network intrusions on TON that may involve cryptocurrency theft or a ransom demand.
“We are delighted to enlist the services of Chainalysis’s Crypto Incident Response Service as it is the industry gold standard for providing a rapid response to hacks or exploits,” said Justin Hyun, Head of Incubation at TON Foundation. “Our vision is to achieve mass adoption in Web3 technology powered by the high performance and scalability that we offer. By routing out bad actors we can ensure an optimum experience for our growing user base.”
For proactive Crypto Incident Response customers, the 24/7 Chainalysis Crypto Incident Response hotline is available to assign a dedicated team in the event of an incident such as a hack, ransomware attack, code exploit, or flash loan attack. Chainalysis experts leverage advanced investigative capabilities to work around the clock and side-by-side with the victim organization. If needed, the Chainalysis team can help liaise with law enforcement and asset recovery counsel.
Chainalysis investigators have worked with organizations in the private and public sectors on hundreds of incidents involving cryptocurrency, and have helped solve some of the most high-profile cyber criminal cases. The Chainalysis Crypto Incident Response program streamlines the engagement process so that no time is wasted, no matter where in the world the victim is located. Time is of the essence, and quickly tracing and labeling funds in the Chainalysis platform can make the difference in preventing bad actors from cashing out their ill-gotten gains.
Chainalysis data, software, and services have been used in the recovery of more than $11 billion in assets by law enforcement.
Chainalysis has achieved SOC2 Type II Certification for the KYT and Reactor products, attesting to its successful implementation of controls in both the Security and Availability trust service criteria.
