ZachXBT, a cryptocurrency news outlet, reported that four Friend.Tech users lost a total of $385,000 to SIM-swap attacks. SIM-swap attacks are a type of cybercrime in which a hacker takes control of a victim’s phone number and uses it to gain access to their online accounts. The victims of the attack were not identified.

SIM-swap attacks have become increasingly common in the cryptocurrency space, as hackers target users with large amounts of digital assets. The attacks are difficult to prevent, as they rely on social engineering techniques to gain access to victims’ accounts.

Cryptocurrency users are advised to take extra precautions to protect their accounts, such as using two-factor authentication and strong passwords. Additionally, users should be aware of the risks associated with SIM-swap attacks and take steps to protect themselves.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	North America
Countries
Sentiment	negative
Relevance Score	8
People	ZachXBT, Friend.Tech
Companies	None, SIM-swap attacks, Friend.Tech
Currencies	None
Securities	None