FriendTech rolls out two-factor authentication in response to sim-swap assaults

Decentralized social media protocol Good friend.Tech has launched a two-factor authentication (2FA) safety function following current sim-swap assaults on its customers.

FriendTech introduces 2FA

In an Oct. 9 publish on X (previously Twitter), Good friend.Tech disclosed that its customers can additional bolster the safety of their accounts by implementing a 2FA that provides a layer of safety, particularly in instances the place a consumer’s cellular provider or e-mail service has been compromised.

With the brand new growth, FriendTech customers should enter their passwords every time they log in from a brand new gadget. This replace follows a previous safety enchancment that allowed customers to alter their login strategies on the platform.

Good friend.Tech urged its customers to train warning when utilizing the function as its workforce, nor that of privy will help its customers get well or reset their passwords. The workforce had beforehand delayed the introduction of the 2FA as a result of it needed to handle this password reset problem.

This transfer is a part of the protocol’s effort to curb a rise within the current sim-swap assaults suffered by its customers. starcrypto beforehand reported that round $20 million of the platform customers’ funds had been susceptible to these assaults.

Group response

The crypto group has welcomed information of the introduction of the 2FA, with some projecting that this might assist the platform soar to new highs.

Probably the most widespread accounts on Good friend.Tech, “0xCaptainLevi,” emphasised the importance of the 2FA. In line with the creator, the brand new safety replace might propel the full worth of belongings (TVL) locked on the social media platform to $100 million.

Knowledge from DeFillama exhibits that the protocol’s TVL at the moment sits at $44.63 million as of press time.

In the meantime, SlowMist founder Cos stated Good friend.Tech customers ought to stay vigilant of their working setting. Cos stated:

“As soon as there are Trojans and the like, no 2FA can defend you. Together with not being tricked into executing JavaScript code of unknown origin within the http://pal.tech working browser console, in any other case you may be completed.”

Earlier as we speak, The Defiant head of stories Yyctrader revealed that they misplaced 22 ETH to “an elaborate phishing rip-off.” It was unclear if the theft had occurred regardless of their implementation of the 2FA.

The publish FriendTech rolls out two-factor authentication in response to sim-swap assaults appeared first on starcrypto.