Several users reported falling victim to SIM swap attacks and suffering losses due to hackers exploiting their Friend. tech accounts.
Some users have reported recently that their Friend.tech accounts have been hacked and their assets seized. While Friend. Tech has promoted itself as a decentralized social platform based on the Coinbase Base platform; recent events have cast doubt on this claim.
The proprietor of SlowMist emphasizes that FT provides centralized services with registration options including phone number, email address, and Apple account without two-factor authentication (2FA). Malicious assailants have become interested in these less secure methods.
SIM Swap Attacks Utilizing Friend.Tech
Another user, Daren, shared a negative Friend. Tech experience. Daren said he lost 22 ETH through @friendtech due to a SIM exchange attack. The perpetrator also liquidated the remaining ETH in his wallet.
If your Twitter account is associated with your actual name, your phone number can be discovered, leaving you vulnerable to such attacks, he warns. Daren mentioned receiving multiple phone calls, which prompted him to place his phone on silent. Unfortunately, this caused him to overlook Verizon’s notification of a failed account access attempt, and the subsequent attack was swift.
As multiple cases of SIM swaps and hacks through Friend. Tech appears, some have suggested users use separate phones while investigating the Friend. Tech platform.
Increase in Friend.Tech Protocol
Since its introduction in the middle of August, the DeFi protocol Friend. Tech has received a positive reception. According to the most recent report, the decentralized social platform earned over 10,000 ETH.
The considerable increase in total value locked (TVL) within the Friend. Tech DeFi protocol, which has now surpassed 30,000 ETH and reached 30,165 ETH, is another noteworthy accomplishment. This demonstrates the expanding confidence and commitment of protocol participants.
In addition to traditional performance metrics, sniper bots from Friend.Tech are discreetly emerging as the platform’s unsung heroes. With more than 450 of them in operation, these algorithms have generated profits of over $5.9 million, representing an impressive 34% of the creator’s total income. Their accomplishment demonstrates the efficacy of Friend.Tech’s algorithms and the potential of automated trading solutions in the DeFi industry.
