Friend.Tech Users Lose Thousands in SIM Swap Crypto Heists Despite Platform's Rapid Growth

Several Friend.Tech users were victim to SIM swap attacks over the weekend, allowing attackers to drain thousands in tokens.
The attackers took control of users' phone numbers by tricking service providers, a common technique called SIM swapping.
At least 2 users had over $70K in Ether drained across separate attacks. They suggest adding 2FA to prevent future attacks.
Despite bear market, Friend.Tech has seen huge growth, amassing 100K users in under 2 weeks after launch.
However, security risks remain for crypto platforms. Hackers use varied techniques, from smart contract exploits to traditional social engineering.

coindesk.com

Relevant topic timeline:

9/12/2023

Vitalik Buterin's Twitter Hacked in SIM Swap Attack, $691K Stolen from Followers

Vitalik Buterin explains how hackers used a SIM swap attack to take control of his Twitter account and steal $691,000 from his followers, highlighting the vulnerability of using phone numbers for account recovery.

10/4/2023

Over $178,000 in Ethereum Stolen from Friend.tech Users in SIM Swap Attacks

Several Friend.tech users have reported that their accounts were compromised and drained after hackers used SIM-swap attacks to gain control of their mobile numbers, resulting in the loss of nearly 109 ETH worth about $178,000; experts suggest implementing stronger security measures to protect users.

10/5/2023

SIM-Swap Scammer Steals $385K in Ether from Friend.tech Users in 24 Hours

Scammers are targeting Friend.tech users through SIM-swap attacks, with one scammer stealing $385,000 worth of Ether in less than 24 hours, prompting calls for increased security measures such as two-factor authentication.

10/5/2023

Friend.tech Users Lose $385,000 in Ethereum in SIM Swap Attacks; Company Removes Phone Numbers from Login to Prevent Future Hacks

Decentralized social network Friend.tech experienced a wave of SIM swap attacks, resulting in the loss of $385,000 in Ethereum for four users, with evidence pointing to the same hacker responsible for a previous attack on the platform.

10/10/2023

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

Decentralized social media platform Friend.tech has added a new security feature, allowing users to add a 2FA password to protect against SIM-swap attacks. These attacks have targeted Friend.tech users, resulting in the theft of significant amounts of Ether.

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Posted 10/3/2023, 11:41:00 AM

Friend.Tech Users Lose Thousands in SIM Swap Crypto Heists Despite Platform's Rapid Growth

Several Friend.Tech users were victim to SIM swap attacks over the weekend, allowing attackers to drain thousands in tokens.
The attackers took control of users' phone numbers by tricking service providers, a common technique called SIM swapping.
At least 2 users had over $70K in Ether drained across separate attacks. They suggest adding 2FA to prevent future attacks.
Despite bear market, Friend.Tech has seen huge growth, amassing 100K users in under 2 weeks after launch.
However, security risks remain for crypto platforms. Hackers use varied techniques, from smart contract exploits to traditional social engineering.

coindesk.com

Relevant topic timeline:

9/12/2023

Vitalik Buterin's Twitter Hacked in SIM Swap Attack, $691K Stolen from Followers

10/4/2023

Over $178,000 in Ethereum Stolen from Friend.tech Users in SIM Swap Attacks

10/5/2023

SIM-Swap Scammer Steals $385K in Ether from Friend.tech Users in 24 Hours

10/5/2023

Friend.tech Users Lose $385,000 in Ethereum in SIM Swap Attacks; Company Removes Phone Numbers from Login to Prevent Future Hacks

10/10/2023

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