A scammer has stolen approximately $385,000 worth of Ether (ETH) in under 24 hours through a series of SIM-swapping hacks targeting users of the popular platform Friend.Tech. Blockchain investigator ZachXBT reported that the individual had successfully stolen 234 ETH by manipulating the SIM cards of four unsuspecting Friend.Tech users. The transfer of these illicit cryptocurrency assets can be traced back to the same hacker.
This incident follows a week in which four more users reported that their accounts had been drained due to either SIM swaps or phishing attacks, resulting in approximately 109 ETH being stolen. In response to the recent security breaches, Friend.Tech has rolled out a new feature that enables users to eliminate specific login options, specifically phone numbers, to better protect their accounts.
This incident follows a week in which four more users reported that their accounts had been drained due to either SIM swaps or phishing attacks, resulting in approximately 109 ETH being stolen. In response to the recent security breaches, Friend.Tech has rolled out a new feature that enables users to eliminate specific login options, specifically phone numbers, to better protect their accounts.