FriendTech, a rapidly growing crypto-social platform, has recently been the target of a security breach. A scammer was able to steal $385K in Ethereum from four FriendTech users within 24 hours by using the SIM-swapping method. This technique allows criminals to take control of a user’s phone number and access their online accounts. The surge in popularity of FriendTech has made its users a prime target for such cyber-attacks. In response, FriendTech has implemented new login methodologies to prevent SIM-swap related account breaches. However, cybersecurity professionals still recommend users to take extra security measures, such as enabling two-factor authentication. The recent incidents have highlighted the persisting threat of SIM-swap breaches in the crypto world. In total, FriendTech users have lost Ethereum worth over $400,000.

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Information	Details
Geography	North America
Countries
Sentiment	negative
Relevance Score	8
People	Crypto News Flash, ZachXBT, FriendTech
Companies	two-factor authentication, SIM-swap, Ethereum, FriendTech, Crypto News Flash
Currencies	Ethereum, Bitcoin
Securities	None