Friend.Tech users lose more Ether as SIM Swap attacks worsen

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More Friend.Tech users are falling victim to SIM swap attacks and an estimated $385,000 worth of ether have been lost to these exploits since the start of this week.

Friend.Tech let users buy “shares” of people who hold an account on X which grants buyers certain privileges. reported earlier this week that Friend.Tech users were starting to seemingly get targeted in SIM swap exploits.

In the past 24 hours, three influential accounts from social app X, formerly Twitter, claimed they had been exploited, with the attacker making away with ether held by those accounts.

SIM Swap attacks happen when criminals take over control of a mobile phone by tricking service providers to connect that phone number to a SIM card in the hacker’s possession.