Friend.tech Users Lose $385,000 in Ethereum in SIM Swap Attacks; Company Removes Phone Numbers from Login to Prevent Future Hacks
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Friend.tech users were targeted in SIM swap attacks, resulting in $385,000 in Ethereum stolen across 4 users.
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Hackers transfer phone numbers to their own SIM cards to access accounts linked to that number.
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This follows a previous attack earlier this week where 109 ETH was stolen from 4 other Friend.tech users.
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In response, Friend.tech is implementing login without phone numbers to prevent future SIM swap attacks.
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SIM swap attacks are on the rise, with recent high-profile examples including Vitalik Buterin and crypto firms like FTX.