SIM Swap attacks are a common occurrence, and criminals gain control of a mobile phone by deceiving service providers and connecting the phone number to a SIM card in the hacker’s possession. The swapped phones can then be used for fraud activity.

In separate incidents, exploiters targeted at least two users, claiming to have fallen victim to a SIM swap attack. The attackers successfully drained over 42 Ether (ETH), totaling nearly $70,000 at current prices.

A user affected by the situation, @darengb, shared the situation as follows:

“If your Twitter account is in your real name, your phone number can be found and this can happen to you “.

The social application Friend.Tech has become one of this year’s most popular crypto platforms, generating consistent income and profits for its creators despite the bear market. As previously reported, the app gathered over 100,000 users within just two weeks of its live launch.

However, security risks remain a significant concern for any crypto platform. Hackers can employ various techniques, from smart contract manipulation to flash loan attacks, to exploit rich users using traditional methods.

You might like: Coinbase Obtains Major Payment Institution Licence in Singapore!

Here are some general recommendations for users and Friend.Tech:

1. Contact Your Mobile Operator: If you suspect unauthorized SIM card changes, immediately contact your mobile operator. Also they can help you regain control of your phone number.
2. Change Passwords: Change passwords for all online accounts, including Friend.Tech and sensitive ones. Utilize strong, unique passwords per account, and a password manager can assist in tracking them securely.
3. Enable Two-Factor Authentication (2FA): Activate 2FA wherever possible for Friend.Tech and crypto accounts, adding an extra layer of security to safeguard your assets, even if your password is compromised.
4. Exercise Caution with Personal Information: Refrain from linking your Friend.Tech or other online accounts to real-world profiles and phone numbers. Using aliases and disposable email addresses can enhance your privacy.
5. Monitor Your Accounts: Routinely monitor your crypto wallets and bank accounts for any unauthorized transactions. Timely detection can minimize potential losses.
6. Educate Yourself: Educate yourself about prevalent security threats like SIM swap attacks. Avoid divulging personal information online or via phone.
7. Utilize Hardware Wallets: Consider using hardware wallets to securely store your cryptocurrencies. Hardware wallets are highly secure since they are not connected to the internet, akin to software wallets or online exchanges.
8. Report the Incident: Report any SIM swap attacks to the police and relevant authorities. This action can aid investigations and identify the culprits.
9. Seek Professional Help: If faced with potential security breaches or attacks, seek assistance from experts to effectively address the situation.

You can freely share your thoughts and comments about the topic in the comment section. Additionally, please don’ t forget to follow us on our Telegram, YouTube and Twitter channels for the latest news.

The post Friend.Tech SIM Swap Attack! appeared first on Coin Engineer.

Friend tech is a platform that allows buy and sell your friend’s shares. Additionally, the platform is based on the BASE network. I mean Friend Tech is Web3 social media network. If you have anyone’s share, you can send a message to him/her. And then you can earn income from the share’s popularity.

Right now, Friend Tech is working on only Ethereum Layer 2 solution BASE Network. This platform is released on 10 August 2023. Due to 10 days, the platform had a volume of 11.000 ETH. The platform already had 40.000 individual users. The transaction count is more than 50.000.

Friend Tech is executed by a social media network developer specialist named Racer (0xRacerAlt). 

After entering the platform, users are starting creating their groups or they can join other groups. Every share defines its own supply and demand state. Group creators and admins can talk with other members. If you want to be a piece of any group there. You have to buy its share. And then you can join it. In addition, every member can sell shares and leave the group.

You might also like: SEC Ethereum ETF Decision: Approval Anticipation

At the same time, the application has a payment and point encouragement system. If your share is bought or sold by other users, you can earn trading fees from these transactions. You can earn just %5 from these trading fees. And then %5 is transferred to the treasury.

As a result, every user can convert their own Twitter account to their own share. And then the user can earn passive income from this or can sell directly and can realize their own profits.

We created a Guide for Using as a CoinEngineer

• First of all, you must click on the link for reaching Friend Tech and add it home screen. Scroll down it, then you can see the main menu.
• Back to the main menu and open the application.
• Enter the application and connect your Twitter account.
• PS: You need an invite code. You can’t enter without invite codes. Invite codes for using: ft-o4z3fr4b
  ft-83zoojbv
  ft-fygchkqs

How To Buy Share on the Friend Tech?

• Firstly, you must have ETHs on the Base network. Because Friend tech is working on Base. You can use the official bridge by Base for depositing ETH to the application.
• The application will show you the address for depositing ETH
• After depositing transactions you can buy your first share.
• And then you must choose better accounts that have better mass. Because they have a strong community and the community will buy and make raising on the share.

If you want to reach more content than that, you can click on the video below.

You can present your thoughts as comments about the topic. Moreover, you can follow us on Telegram, Twitter, and YouTube channels for the kind of news

The post What Is New Trend on the Crypto Market Friend Tech? appeared first on Coin Engineer.