FriendTech, a rapidly growing crypto-social platform, has recently been the target of a security breach. A scammer was able to steal $385K in Ethereum from four FriendTech users within 24 hours by using the SIM-swapping method. This technique allows criminals to take control of a user’s phone number and access their online accounts. The surge in popularity of FriendTech has made its users a prime target for such cyber-attacks. In response, FriendTech has implemented new login methodologies to prevent SIM-swap related account breaches. However, cybersecurity professionals still recommend users to take extra security measures, such as enabling two-factor authentication. The recent incidents have highlighted the persisting threat of SIM-swap breaches in the crypto world. In total, FriendTech users have lost Ethereum worth over $400,000.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | |
| Sentiment | negative |
| Relevance Score | 8 |
| People | Crypto News Flash, ZachXBT, FriendTech |
| Companies | two-factor authentication, SIM-swap, Ethereum, FriendTech, Crypto News Flash |
| Currencies | Ethereum, Bitcoin |
| Securities | None |
