Best Crypto to Buy Now October 5 – Aave, Trust Wallet, Mina Protocol
One of the biggest pieces of crypto news today involves multiple users on Friend.tech falling victim to SIM swap attacks, resulting in the theft of over $385,000 worth of Ethereum.
According to an X post on October 5 by blockchain analyst ZachXBT, the hackers stole 234 ETH worth around $385,000 from four Friend.tech users in a 24-hour period on October 4.
Following the news of these Ethereum SIM swap attacks, what is the best crypto to buy now?
The victims expressed disbelief and desperation as their ETH holdings were quickly stolen through the SIM swap hacks.
One user named "KingMgugga" pleaded for help on the social network to no avail. Another user, "sumfattytuna", explained that the hacker accessed his Friend.tech account from an Apple store, performed a SIM swap to an iPhone SE, and compromised his wallet security.
This is not the first incident of its kind on Friend.tech. On September 30, a user named "froggie.eth" reported that his account was hacked via SIM swap, resulting in the theft of over 20 ETH worth an estimated $32,600.
According to ZachXBT's previous report on August 23, $13.3 million in funds have been stolen through 54 SIM swaps across various crypto platforms, including Aptos Network, Metis DAO, PleasrDAO, and others.
In light of the repeated attacks, Manifold Trading assessed that around $20 million of Friend.tech's $50 million in total locked value could be at risk due to vulnerabilities in the platform's infrastructure.
Manifold Trading suggested security improvements like two-factor authentication, hardware wallet integration, and removing phone numbers from connected accounts.
In an effort to counteract these types of attacks, Friend.tech is rolling out a new feature, which will allow users to log into
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