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According to TONStat, TON has more than 10.78 million activated wallets (i.e. wallets with at least one outgoing transaction)—a +1400% increase in just the last year—and a peak of over 5 million monthly active wallets over the past six months. Through its unique integrations with Telegram, TON projects gain access to Telegram’s over 900 million users, making the TON ecosystem one of the most visible blockchain ecosystems to date. For builders, TON’s current and potential audience provides a significant opportunity for mega projects to flourish. While other blockchains are still in the early stages of adoption, TON has an established userbase and a potential 890 million new users that are just a few taps away from getting started. As the ecosystem continues to grow, projects in TON have a new challenge to overcome: how do you convert an existing user base into high-quality users?
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Illicit use of crypto for ransomware, drug sales, and sanction evasion was rife in Russia in 2023 according to a report by TRM Labs on Thursday. Russian-speaking ransomware groups were responsible for at least 69% of all crypto proceeds from ransomware in 2023, which exceeded $500 million. Ransomware is a type of malware that prevents a user from accessing a device until a sum is paid. The two largest ransomware operators in 2023 were Lockbit and ALPHV/Black Cat, both Russian-speaking groups. However, in February the U.K. National Crime Agency said it had managed to take control of Lockbits services "compromising their entire criminal enterprise," according to an article at the time.
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