Friend.Tech SIM Swap Attack!

Friend.Tech users, by connecting their accounts with real world X profiles and phone numbers, are increasing their security risk. Additionally some Friend.Tech users reported being victims of a SIM swap attack over the weekend, expressing that the attackers caused thousands of dollars in asset loss.

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.

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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.

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