The post FriendTech Accounts Hacked, Assets Stolen! appeared first on Coinpedia Fintech News

Several users of FriendTech have reported that their accounts were hacked and their assets were stolen. According to the founder of SlowMist, these incidents were caused by the platform’s centralized and insecure methods of registration. FriendTech allows users to register with just a phone number, email or Apple account, and does not have two-factor authentication (2FA) in place. This has made it an easy target for malicious attackers, who have taken advantage of its vulnerabilities to steal user funds. To protect themselves, users are advised to switch to more secure platforms that provide better protection for their assets.

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Filed under: Bitcoin - @ October 3, 2023 3:14 am