{"id":167964,"date":"2023-10-04T12:33:10","date_gmt":"2023-10-04T07:03:10","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=167964"},"modified":"2023-10-04T12:33:10","modified_gmt":"2023-10-04T07:03:10","slug":"friend-tech-users-blame-sim-swaps-after-more-than-100-eth-drained-in-a-week-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/friend-tech-users-blame-sim-swaps-after-more-than-100-eth-drained-in-a-week-crypto-news\/","title":{"rendered":"Friend.tech users blame SIM swaps after more than 100 ETH drained in a week – Crypto News"},"content":{"rendered":"
\n

Friend.tech users are warning of possible SIM-swap attacks after a recent spate of supposed hacks resulting in nearly 109 Ether (ETH<\/a>) worth around $178,000 being drained from four users in under a week.<\/p>\n

On Sept. 30, the X (formerly Twitter) user known as \u201cfroggie.eth\u201d warned<\/a> their Friend.tech account was SIM-swapped<\/a> \u2014 where exploiters gain control of a user\u2019s mobile number to intercept two-factor authentication codes, then used to access accounts \u2014 and subsequently drained of over 20 ETH.<\/p>\n

Days later, on Oct. 3, a string of Friend.tech users reported similar incidents, with musician Daren Broxmeyer saying he was SIM-swapped and drained of 22 ETH.<\/p>\n

His phone was earlier \u201cspammed with phone calls,\u201d which he believed was to force him to miss a text from his service provider warning him that someone was trying to access his account.<\/p>\n

\n

I was just SIM swapped and robbed of 22 ETH via @friendtech<\/a><\/p>\n

The 34 of my own keys that I owned were sold, rugging anyone who held my key, all the other keys I owned were sold, and the rest of the ETH in my wallet was drained.<\/p>\n

If your Twitter account is doxxed to your real\u2026 pic.twitter.com\/5wA86mjYEG<\/a><\/p>\n

\u2014 daren (friend, friend) (@darengb) October 3, 2023<\/a><\/p><\/blockquote>\n

The same day another user, \u201cdipper,\u201d also said<\/a> their account was compromised, adding they have \u201cno idea\u201d how exploiters could hack their account, as they use strong passwords.<\/p>\n

The fourth user, \u201cdigging4doge,\u201d was drained of around 60 ETH after falling for a phishing scam that tricked them into sharing a login code.<\/p>\n

\n

Friendtech user @digging4doge<\/a> just got drained to the tune of ~60 eth worth of keys.<\/p>\n

About an hour ago, he received a text informing him that a number change had been requested for his account.<\/p>\n

He had two hours to respond or the request would be auto approved. This was, of\u2026 pic.twitter.com\/L21Hr041kP<\/a><\/p>\n

\u2014 quit (,) (@0xQuit) October 4, 2023<\/a><\/p><\/blockquote>\n

Crypto investment firm Manifold Trading explained that any hacker gaining access to a Friend.tech account is then able to \u201crug the whole account.\u201d<\/p>\n

Assuming that a third of Friend.tech accounts are connected to phone numbers, around $20 million is at risk of being exploited through Friend.tech user-focused exploits<\/a>, they said.<\/p>\n

Related: <\/em><\/strong>Friend.tech look-alike \u2018Alpha\u2019 emerges on Bitcoin network<\/em><\/strong><\/a><\/p>\n

Manifold also suggested that, technically, all of Friend.tech is at risk due to how the platform\u2019s security is set up, and solving the issues \u201cshould honestly be the number 1 priority.\u201d<\/p>\n

\n

If any hacker gains access to a FriendTech account via simswap\/email hack, they can rug the whole account<\/p>\n

If you assume 1\/3 of FriendTech accounts are connected to phone numbers, that’s $20M at risk from sim-swaps<\/p>\n

FriendTech’s current setup also technically allows a rogue dev\u2026 https:\/\/t.co\/XgodMNSh2l<\/a><\/p>\n

\u2014 Manifold (@ManifoldTrading) October 2, 2023<\/a><\/p><\/blockquote>\n

Manifold suggested Friend.tech allow users to add 2FA to logins, key decryptions and transactions.<\/p>\n

Users should also be given the option to change the login method from a number to email and allow for third-party wallets to be used.<\/p>\n

High-profile crypto figures have previously been successfully SIM-swapped, with their accounts used to carry out phishing attacks, such as Ethereum co-founder Vitalik Buterin\u2019s X account in September<\/a>.<\/p>\n

Cointelegraph contacted Friend.tech for comment but did not immediately receive a response.<\/p>\n

Magazine: <\/em><\/strong>Blockchain detectives \u2014 Mt. Gox collapse saw birth of Chainalysis<\/em><\/strong><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Friend.tech users are warning of possible SIM-swap attacks after a recent spate of supposed hacks resulting in nearly 109 Ether (ETH) worth around $178,000 being drained from four users in under a week. On Sept. 30, the X (formerly Twitter) user known as \u201cfroggie.eth\u201d warned their Friend.tech account was SIM-swapped \u2014 where exploiters gain control […]<\/p>\n","protected":false},"author":2,"featured_media":167965,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-167964","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/167964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=167964"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/167964\/revisions"}],"predecessor-version":[{"id":167967,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/167964\/revisions\/167967"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/167965"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=167964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=167964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=167964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}