Recently, four Friend.tech users have had a total of 109 Ether ETH, worth around $178,000, stolen from their accounts in under a week. The users have warned of possible SIM-swap attacks, where exploiters gain control of a user’s mobile number to intercept two-factor authentication codes and access accounts. One user, Froggie.eth, reported that their account was SIM-swapped and drained of over 20 ETH. Musician Daren Broxmeyer also reported a similar incident, saying he was SIM-swapped and drained of 22 ETH. His phone was spammed with phone calls prior to the attack, which he believes was to force him to miss a text from his service provider warning him of the attack. Another user, Dipper, reported their account was compromised, but they had no idea how the exploiters could have hacked their account as they use strong passwords. The fourth user, Digging4doge, was drained of around 60 ETH after falling for a phishing scam. Crypto investment firm Manifold Trading explained that any hacker gaining access to a Friend.tech account is then able to “rug the whole account”. They estimated that around $20 million is at risk of being exploited through Friend.tech user-focused exploits. Manifold suggested that Friend.tech allow users to add 2FA to logins, key decryptions and transactions, and to change the login method from a number to email. They also suggested allowing for third party wallets to be used. High-profile crypto figures have previously been successfully SIM-swapped, with their accounts used to carry out phishing attacks, such as Ethereum co-founder Vitalik Buterin’s X account in September. Cointelegraph contacted Friend.tech for comment but did not immediately receive a response.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	North America
Countries
Sentiment	negative
Relevance Score	8
People	froggie.eth, dipper, Daren Broxmeyer, Vitalik Buterin, digging4doge
Companies	Friend.tech, Ethereum, Chainalysis, Manifold Trading, Vitalik Buterin
Currencies	Ethereum, Bitcoin, Lido Staked Ether
Securities	None