FriendTech steps up security measures after security surge

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FriendTech steps up security measures after security surge

FriendTech, the decentralized social media protocol, has responded to the recent surge in security breaches and SIM-swap attacks targeting its users by implementing robust security measures.

In an October 4 post on X, the protocol's team announced a significant improvement, allowing users to add and remove various login methods from their accounts.

The new protocol requires users to register with a phone number, a Gmail email address, or an Apple account. The site's setup, however, exposed users to substantial security risks due to the platform's configuration, said several stakeholders, including SlowMist founder Cos.

CryptoSlate had earlier reported concerns about the security of the crypto network, as several user accounts were hacked by SIM-swap attacks. Manifold Trading, a crypto trading firm, estimates that approximately $20 million worth of assets belonging to FriendTech's users were at risk of these attacks.

On Oct. 4, on October 4, on-chain investigator ZachXBT highlighted the ongoing wave of SIM-swap attacks. One hacker has stolen a total of 234 ETH, equivalent to $385,000, from four FriendTech users.

The protocol explains why it has yet to implement a two-factor authentication feature on its platform.

The inability of Privy's UX to request passcode clarification from users could lock them out permanently if they mistype it, according to FriendTech.