Some Friend's SIM Swap attacks haunt X

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Some Friend's SIM Swap attacks haunt X

Some Friend.Tech users reported that they were the victim of SIM swap attacks over the weekend, with the attackers successfully draining thousands of dollars worth of tokens.

The Friend.Tech code was never exploited. No users are at immediate risk. The application enables holders to buy shares of people who hold an account on X which grants buyers certain privileges.

SIM Swap attacks are a commonoccurrence that occur when criminals take over control of a mobile phone by tricking service providers to connect the phone number to a SIM card in the hacker's possession. Swapped phones can then be used for fraud.

At least two users claimed that they were targeted in a SIM swap attack, which enabled exploiters to drain over 42 ether, worth nearly $70,000 at current prices, over separate attacks.