Friend.tech Strengthens Security After SIM-Swap Attacks Drain $172k in ETH From Users

Friend.tech added 2FA passwords for extra security after SIM-swap attacks targeted users' accounts.

Over 100 ETH (~$172k) stolen from 4 users within a week in September. More attacks targeted 4 more users days later.

Friend.tech previously updated security on Oct. 4 to let users add/remove login methods to prevent SIM swaps.

Scammers are using text messages posing as number change requests to steal verification codes.

Total value locked on Friend.tech is down 15.5% from its peak of $52M on Oct. 2 amid security issues.