Several Friend.Tech users stated that they were the targets of SIM swap assaults over the weekend, during which the attackers were successful in stealing tokens worth thousands of dollars.No exploit was used on the actual Friend.Tech code. Nobody is in danger right now.The program enables users to purchase “shares” in users who have accounts on X, which gives purchasers access to specific benefits.
SIM Swap attacks, which are frequent occurrences, take place when hackers get access to a mobile device by tricking service providers into matching the phone number to a SIM card in their hands.Phones that have been switched can then be used fraudulently.At least two individuals reported being the subject of a SIM swap assault that gave hackers access to over 42 ether (ETH), which is valued close to $70,000 at the time of writing.
“If your Twitter account is doxxed to your real name, your phone number can be found, and this could happen to you,” posted @darengb, a user who got impacted. Their phone carrier is Verizon.
Despite the bear market, the social media site Friend.Tech has grown to become one of the most widely used cryptocurrency platforms this year, bringing in consistent earnings for its founders.After coming live, the app quickly surpassed 100,000 users, as was previously reported.
For any crypto platform, security issues continue to be a major source of worry.Hackers may utilize methods like manipulating smart contracts or conducting flash loan attacks, as well as more conventional ways like taking advantage of rich customers.
Some users of Friend.Tech have proposed extra security measures like 2FA, a popular SMS or code-based authentication service, that could stop similar assaults from happening again in the future.