Scammers Exploit Friendtech Users, Stealing $214K in Cryptos Across Multiple Chains

PeckShieldAlert’s recent revelation has unveiled a significant scam targeting Friendtech users, resulting in the loss of approximately $214K worth of cryptocurrencies across various chains, including Ethereum and BNBChain. The fraudulent Friendtech X account, ‘frentechpro,’ has been identified as the central perpetrator in this widespread crypto heist, sounding alarm bells within the cryptocurrency community.

The repercussions of this ruse have been severe, with the scammer reportedly making off with a staggering $214,000 worth of cryptocurrencies across seven prominent chains, including Ethereum, BNBChain, Base, Polygon, Arbitrum, Optimism, and Avalanche. This incident sheds light on the persistent threats faced by users engaging with digital assets and the inherent vulnerabilities in the crypto landscape.

Hackers taking advantage of Frientech’s situation

With a sinister connection to the InfernoDrainer, this fraudulent activity marks a distressing escalation in the ongoing battle against cybercrime. The insidious nature of these attacks is further emphasized by recent reports detailing the use of malicious JavaScript scripts to compromise user data and assets, primarily through vulnerabilities within the Friendtech platform.

The malevolent JavaScript scripts, cleverly embedded within deceptive bookmarks, have become a potent tool for fraudsters to orchestrate stealthy assaults on unsuspecting victims. These maneuvers extend beyond the theft of passwords, with potential compromises to Friendtech’s two-factor authentication (2FA) credentials, amplifying the severity of the threat.

Of equal concern is the vulnerability of Friendtech’s inbuilt wallet, Privy, which faces imminent peril from the insidious scripts seeking to corrupt tokens and exploit user accounts for financial gain. While the recent surge in Friendtech’s DeFi sector heralded record sales and substantial growth, these achievements have been overshadowed by the dark cloud of security breaches and compromised user data.

To counter these pernicious threats, users must exercise vigilance by meticulously inspecting bookmarks and add-ons, ensuring the legitimacy of these resources before engaging further. Moreover, heightened user awareness must be complemented by robust cybersecurity protocols at the platform level, to fortify Friendtech’s defenses against such insidious incursions.