1 year ago
Decentralized societal media protocol Friend.Tech has introduced a two-factor authentication (2FA) information diagnostic pursuing caller sim-swap attacks connected its users.
FriendTech introduces 2FA
In an Oct. 9 post connected X (formerly Twitter), Friend.Tech disclosed that its users tin further bolster the information of their accounts by implementing a 2FA that adds a furniture of protection, particularly successful cases wherever a user’s mobile bearer oregon email work has been compromised.
With the caller development, FriendTech users indispensable participate their passwords each clip they log successful from a caller device. This update follows a prior information improvement that allowed users to alteration their login methods connected the platform.
Friend.Tech urged its users to workout caution erstwhile utilizing the diagnostic arsenic its team, nor that of privy tin assistance its users retrieve oregon reset their passwords. The squad had antecedently delayed the instauration of the 2FA due to the fact that it wanted to code this password reset challenge.
This determination is portion of the protocol’s effort to curb an summation successful the caller sim-swap attacks suffered by its users. CryptoSlate antecedently reported that astir $20 cardinal of the level users’ funds were astatine hazard of these attacks.
Community reaction
The crypto assemblage has welcomed quality of the instauration of the 2FA, with immoderate projecting that this could assistance the level soar to caller highs.
One of the astir fashionable accounts connected Friend.Tech, “0xCaptainLevi,” emphasized the value of the 2FA. According to the creator, the caller information update could propel the full worth of assets (TVL) locked connected the societal media level to $100 million.
Data from DeFillama shows that the protocol’s TVL presently sits astatine $44.63 cardinal arsenic of property time.
Meanwhile, SlowMist laminitis Cos said Friend.Tech users should stay vigilant of their operating environment. Cos said:
“Once determination are Trojans and the like, nary 2FA tin support you. Including not being tricked into executing JavaScript codification of chartless root successful the friend.tech moving browser console, different you volition beryllium finished.”
Earlier today, The Defiant caput of quality Yyctrader revealed that they mislaid 22 ETH to “an elaborate phishing scam.” It was unclear if the theft had occurred contempt their implementation of the 2FA.
The station FriendTech rolls retired two-factor authentication successful effect to sim-swap attacks appeared archetypal connected CryptoSlate.
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