⚡ FriendTech Bolsters Security with Email-Based Accounts
posted 5 Oct 2023
FriendTech, a crypto-based social media platform, has introduced email-based accounts as an alternative to phone numbers. This move comes in response to multiple reports of SIM swap attacks targeting FriendTech users.
Over the past week, at least six users have fallen victim to such attacks, resulting in a loss of 42 ETH (~$70,000) in two incidents and approximately $385,000 in four more recent cases.
The attackers exploited the platform's phone number-based authentication to gain control over users' accounts and liquidate their social tokens, known as keys.
The attackers exploited the platform's phone number-based authentication to gain control over users' accounts and liquidate their social tokens, known as keys.
