📉 Huge drop in TVL of Friend.tech
- Friend.tech's TVL dropped 7.8% in a day, recording the largest single-day drop.
- The main cause is the continuous attack of the sim swap chain, affecting the network.
- The number of keys redeemed reached a new high, with 6.7K ETH worth of keys redeemed on September 14.
🔑 The number of keys exchanged has increased
- On October 4, the number of redeemed keys skyrocketed to a new high, about 2.1K ETH, worth $3.5 million.
- Users can keep Ethereum in the application or completely withdraw from the system after rekeying.
- Chang, one of the largest key holders, sold 43 of his keys, making a profit of about 140 ETH ($232K).
📱 Sim swap attacks cause TVL reduction
- The recent SIM swap issue is believed to be the main cause of the sudden TVL decrease.
- Reports say scammers were able to make off with $387K in Ethereum through sim swap attacks on the network's users.
- After many complaints, Friend.tech upgraded the system to include options to remove login.
- Friend.tech's TVL dropped 7.8% in a day, recording the largest single-day drop.
- The main cause is the continuous attack of the sim swap chain, affecting the network.
- The number of keys redeemed reached a new high, with 6.7K ETH worth of keys redeemed on September 14.
🔑 The number of keys exchanged has increased
- On October 4, the number of redeemed keys skyrocketed to a new high, about 2.1K ETH, worth $3.5 million.
- Users can keep Ethereum in the application or completely withdraw from the system after rekeying.
- Chang, one of the largest key holders, sold 43 of his keys, making a profit of about 140 ETH ($232K).
📱 Sim swap attacks cause TVL reduction
- The recent SIM swap issue is believed to be the main cause of the sudden TVL decrease.
- Reports say scammers were able to make off with $387K in Ethereum through sim swap attacks on the network's users.
- After many complaints, Friend.tech upgraded the system to include options to remove login.