SlowMist Founder Highlights Safety Dangers on FriendTech Amid Hacking Incidents

In a latest string of incidents, customers of FriendTech (FT) have reported situations of unauthorized entry to their accounts, ensuing within the theft of their helpful digital property.

These safety breaches have raised vital issues relating to the vulnerabilities of the centralized service, prompting SlowMist’s founder to situation a warning concerning the inherent dangers related to using the platform.

Twitter Consumer Loses 22 ETH in FriendTech Hack

The preliminary incidence was delivered to the general public’s consciousness by a consumer utilizing the deal with @darengb on the X platform. They revealed that their FT account had been hacked, ensuing within the lack of 22 ETH. The attacker not solely drained their pockets but additionally bought 34 of their keys, inflicting vital losses to those that held them.

Of their tweet, @darengb said, “I used to be simply SIM swapped and robbed of twenty-two ETH through @friendtech. In case your Twitter account is doxxed to your actual identify, your telephone quantity could be discovered, and this might occur to you.”

I used to be simply SIM swapped and robbed of twenty-two ETH through @friendtech

The 34 of my very own keys that I owned have been bought, rugging anybody who held my key, all the opposite keys I owned have been bought, and the remainder of the ETH in my pockets was drained.

In case your Twitter account is doxxed to your actual… pic.twitter.com/5wA86mjYEG

— daren (buddy, buddy) (@darengb) October 3, 2023

@darengb additionally emphasised the potential danger of linking one’s Twitter account to their actual identify, which may expose their telephone quantity and make them vulnerable to such assaults. They talked about receiving quite a few unsolicited calls, inflicting them to overlook a essential textual content message from Verizon that alerted them to a attainable account breach.

@darengb was greatly surprised by this revelation, initially suspecting a glitch within the FriendTech platform. Nonetheless, upon accessing FT and discovering an empty Chat, they solely realized the total extent of the breach after coming throughout one other consumer’s tweet about SIM swapping.

Slowmist Founder Exposes Vulnerabilities in FriendTech

Responding to @darengb’s tweet, SlowMist’s founder weighed in on the state of affairs. They emphasised the dangers of utilizing FriendTech, a centralized platform that requires cell phone numbers, Gmail addresses, or Apple accounts for registration however lacks two-factor authentication, making it susceptible to data leakage.

The founder additional remarked on Daren’s incident, mentioning that @darengb’s cell phone quantity had been SIM swapped, resulting in the theft of their FriendTech account. In addition they criticized Verizon’s safety measures, stating, “I’ve to say that Verizon’s danger management is actually unhealthy.”

One other consumer, @d1pp3r__, additionally shared their expertise on the platform. They reported that their account had been compromised, ensuing within the hacker having access to all of their keys and transferring their property to a different handle.

My FT account was simply compromised, hacker dumped all keys and moved all the things to a different handle. Was about 6.5e whole. Pockets handle right here: 0x8D8557e4A7512b81C74efD2874107a7C4e29fE26

— dipper (@d1pp3r__) October 2, 2023

SlowMist’s founder responded to this incident, noting that the consumer logged in through e-mail and had a powerful password. Regardless of utilizing a fancy password generated by a password supervisor, the consumer discovered their account compromised, additional highlighting the vulnerability of FT’s safety.

The founder ended with a prediction, suggesting that FT accounts could also be completely compromised as soon as hacked because of the distinctive binding relationship between pockets addresses assigned by FT and customers’ telephone numbers.