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Friend.tech users are on high alert after a series of SIM-swap attacks resulted in the loss of nearly 109 Ether (ETH) worth around $178,000 from four users in under a week. The attackers gained control of users' mobile numbers to intercept two-factor authentication codes, which were then used to access their accounts. Crypto investment firm Manifold Trading has warned that around $20 million is at risk of being exploited through friend.tech user-focused attacks. The firm has suggested that friend.tech should allow users to add 2FA to logins, key decryptions, and transactions, among other security measures.

Friend.tech users are on high alert after a series of SIM-swap attacks resulted in the loss of nearly 109 Ether (ETH) worth around $178,000 from four users in under a week. The attackers gained control of users' mobile numbers to intercept two-factor authentication codes, which were then used to access their accounts. Crypto investment firm Manifold Trading has warned that around $20 million is at risk of being exploited through friend.tech user-focused attacks. The firm has suggested that friend.tech should allow users to add 2FA to logins, key decryptions, and transactions, among other security measures.

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