{"id":194589,"date":"2023-10-05T05:39:54","date_gmt":"2023-10-05T05:39:54","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=194589"},"modified":"2023-10-05T05:39:54","modified_gmt":"2023-10-05T05:39:54","slug":"friend-tech-sim-swap-scourge-continues-as-scammer-nets-385k-in-ether","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/crypto\/friend-tech-sim-swap-scourge-continues-as-scammer-nets-385k-in-ether\/","title":{"rendered":"Friend.tech SIM-swap scourge continues as scammer nets $385K in Ether"},"content":{"rendered":"

A single scammer has reportedly managed to steal around $385,000 worth of Ether (ETH) in less than 24 hours, amid a scourge of SIM-swap hacks seemingly targeting friend.tech users.\u00a0<\/p>\n

On Oct. 5, blockchain sleuth ZachXBT reported the same scammer had pilfered 234 ETH over the past 24 hours by SIM-swapping four different friend.tech users.<\/p>\n

The on-chain\u00a0movement of crypto assets all traced back to the same hacker who drained the accounts of the four victims. <\/p>\n

One of the reported victims of the most recent chain of SIM-swap attacks posted to X (Twitter) following the attack:<\/p>\n

\u201cGot sim swapped. Apparently, dude was able to do it from an Apple store and switched it to an iPhone SE. Don’t buy my keys, that wallet is compromised.\u201d<\/p><\/blockquote>\n

X user \u201cKingMgugga\u201d reported an attack targeting them happening in real time, posting to X that they were \u201cgetting fucking sim swapped watching it happen” and asking for help. Meanwhile another X user “holycryptoroni” confirmed they were\u00a0similarly attacked, lamenting “I got swapped sorry.”<\/p>\n

Earlier this week, a further four friend.tech users claimed to have their accounts drained as a result of a SIM-swap or phishing attack, totaling to around 109 ETH stolen. <\/p>\n

Friend.tech allows users to purchase \u201ckeys\u201d of individuals which grants access to private chat rooms with them. <\/p>\n

The SIM-swap scam occurs when scammers gain access to the victim\u2019s phone number and use it to acquire authentication which enables them to access their social media and crypto accounts. <\/p>\n

Manifold Trading, a firm building tools for the ecosystem, estimated that $20 million of friend.tech\u2019s $50 million total value locked could be at risk. It called for the platform to beef up its account security measures by enabling two-factor authentication (2FA).<\/p>\n

Related: <\/em><\/strong>How easy is a SIM swap attack? Here\u2019s how to prevent one<\/em><\/strong><\/p>\n

There have also been calls for X to implement 2FA security measures to prevent the leaking of mobile phone numbers following the high-profile hack of Vitalik Buterin\u2019s account in September which was also due to a SIM swap attack. <\/p>\n

Founder and CEO of wallet security firm Delegate “0xfoobar” advised removing phone numbers from social media accounts. <\/p>\n

Magazine: <\/em><\/strong>Blockchain detectives \u2014 Mt. Gox collapse saw birth of Chainalysis<\/em><\/strong><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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