Friend.tech, the decentralized social network, has introduced a new feature that allows users to add and remove login methods for their accounts. The update comes in response to recent reports of SIM-swap attacks, where hackers take control of users’ mobile numbers to gain unauthorized access to their accounts. On October 4, Friend.tech announced on social media that the feature is now accessible through the app, with users being able to make changes by tapping on their wallet balance.
In addition to the login methods feature, users have also been requesting a two-factor authentication passcode. However, Friend.tech has stated that enabling this feature in its current state could potentially result in users being locked out of their accounts. The company has suggested UX updates to Privy, the company responsible for implementing privacy features on the platform. Friend.tech added, “Privy is working diligently to implement this, and we will integrate the feature when they have finished.”
However, some users have expressed frustration regarding the lack of prompts to confirm their passcodes. They have also experienced difficulties when they mistyped their passcodes and neither Privy nor Friend.tech were able to reset them. This has left some users locked out of their accounts, as they struggle to find help from the platform’s banned help desk account.
Furthermore, one user mentioned that even after removing their mobile number and replacing it with an alternative authentication method, they were still logged into their account on other devices. This oversight could allow hackers to remain logged in and continue to compromise the account.
These updates from Friend.tech come in the wake of recent exploits on October 4, where users reported their accounts being compromised through SIM-swap attacks. The hackers were able to gain control of users’ mobile numbers and drain over 100 Ether (ETH) in a week. The attacks persisted into October 5, with the scammers managing to accumulate at least $385,000 worth of Ether.
Despite these security concerns, Friend.tech has seen significant revenue increases, with a total of 10,663 ETH and a total value locked of over 30,000 ETH. The platform continues to address user inquiries and work towards enhancing security measures to protect users from future attacks.
In conclusion, Friend.tech is taking proactive measures to address security vulnerabilities and protect its users from SIM-swap attacks. The introduction of the login methods feature aims to provide users with more control over their accounts. However, challenges with the implementation of the two-factor authentication passcode feature have caused some users to be locked out of their accounts. Friend.tech is working with Privy to rectify these issues and enhance the overall user experience. Despite recent exploits, Friend.tech’s revenue has seen substantial growth, indicating ongoing user engagement and support for the decentralized social network.
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