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Friend.tech, the decentralized social network that allows users to buy and sell keys linked to X, announced a new feature via social media. The feature will allow users to add and remove login methods and follows reports of SIM-swap attacks. Addressing user questions On social media platform X, Friend.tech announced an updated feature
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The crypto community is debating whether SMS two-factor authentication (2FA) should ever be used for account security following news that a Coinbase customer is suing the cryptocurrency exchange for $96,000.On Mar. 6 Jared Ferguson filed a lawsuit against Coinbase in the United States District Court for the Northern District of
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The case should remind members of the cryptocurrency community of the dangers of storing crypto on hot wallets, especially those secured via two-factor authentication methods such as text confirmation. Weakly secured cellular accounts are often an inadequate defense against hackers bent on compromising known crypto holders’ wallets. Source
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Democratic lawmakers in the U.S. are demanding are demanding that the Federal Communications Commission (FCC) takes action to tackle the rise in SIM swapping attacks.Responding to the groundswell of reported SIM swap heists, senators Ron Wyden (Ore.), Sherrod Brown (Ohio) and Ed Markey (Mass.) and representatives Ted Lieu (Calif.), Anna
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Seth Shapiro, a California resident who claims to have lost a massive $1.8 million worth of Bitcoin and altcoins through a SIM swapping attack in May 2018, has filed a lawsuit against AT&T. Shapiro claims the telecoms operator made it possible for hackers to gain control of his AT&T wireless
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