Enhancing Security Features
On October 4, the decentralized social network Friend.tech announced a new feature that allows users to modify their login methods, a much-needed update in the wake of SIM swap attack incidents. With this fresh rollout, users can easily add or remove login methods via the app interface, simply by tapping their wallet balance at the top right corner. It’s like upgrading your security system without needing a degree in cybersecurity!
Two-Factor Authentication: The Elephant in the Room
While the app’s latest update has been somewhat of a relief for many, Friend.tech’s social media post raised eyebrows when users inquired about the long-awaited two-factor authentication (2FA) feature. According to Friend.tech, adding this feature could inadvertently lead users to lock themselves out of their accounts. It’s almost like putting your key in your own bag, and then wondering why you can’t open the door.
Feedback from Users: The Good and the Bad
As with any tech update, user feedback has been mixed. Some users are frustrated, stating they’ve been locked out of their accounts for over a month. One Tweet read: “Been locked out of my account for over a month. Where do I get help now that your help desk account is banned?” Talk about a modern-day `Where’s Waldo`—but without the joy of finding him!
Risks Persisting and Concerns Growing
Even with the added features, security vulnerabilities remain, as reports of users being able to remove phone numbers tied to their accounts—without automatic logouts from other devices—raise alarms. A user pointed out that this loophole could potentially allow hackers to stay logged in, happily scrolling through their feeds with all the access and none of the responsibility.
The Financial Fallout: A Tough Week for Friend.tech
These updates came amidst a chaotic week for the platform. Reports suggested that over $385,000 worth of Ether had been drained during a series of exploits tied to SIM swap attacks. When security is tighter than your grandmother’s hugs, nothing says ‘bad week’ like losing a substantial chunk of Ether. Fortunately, despite these challenges, the platform recently reported significant revenue hikes, with its total value locked surpassing 30,000 ETH. It’s a classic case of ‘make money, but lose a little money too.’
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