English
Arabic
Chinese (Simplified)
Indonesian
Russian
- ZachXBT reveals $385,000 theft as a scammer defrauds 4 FriendTech customers.
- The rip-off occurred prior to now 24 hours by SIM-swapping assaults.
- The stolen funds have been moved to alternate addresses.
In a current submit, ZachXBT, a famend rug pull survivor who has since transitioned right into a 2D detective, unveiled a startling rip-off revelation impacting customers of the Social-Fi app Friendtech. ZachXBT disclosed {that a} single scammer defrauded 4 Friendtech customers, amassing substantial earnings of 234 Ethereum (ETH), equal to $385,000.
The crypto detective famous that the hack incident occurred throughout the final 24 hours. He added that the nefarious particular person achieved the feat by executing a sequence of SIM-swapping assaults focusing on the customers of the rising FriendTech platform.
For context, SIM-swapping is a fraud by which the scammer methods the sufferer’s cellular provider into transferring the sufferer’s cellphone quantity to a brand new SIM card that the scammer controls. As soon as the scammer controls the sufferer’s cellphone quantity, they’ll doubtlessly reset the passwords to the sufferer’s on-line accounts, together with their crypto exchanges.
Notably, ZachXBT’s tweet included a visible illustration of the scammer’s actions since attacking the 4 Friendtech customers. The picture illustrates the exact quantities of Ethereum every sufferer suffered within the malicious act. On condition that the fraudster stole at the least $55k from every of the victims, their present ETH holding on the Friendtech platform is now under $100.
Expectedly, the scammer has moved the funds to 2 alternate addresses to doubtlessly money the stolen funds into fiat currencies. ZachXBT’s tweet is a reminder of the dangers of SIM-swapping and the necessity for crypto market contributors to take proactive steps in guarding their portfolios through two-factor authentication and different beneficial safety practices.
Common Disclaimer: The knowledge offered on this article is for informational and academic functions solely. The article doesn’t represent monetary recommendation or recommendation of any form. Coin Version shouldn’t be accountable for any losses incurred on account of the utilization of content material, merchandise, or providers talked about. Readers are suggested to train warning earlier than taking any motion associated to the corporate.