Duvel on Nostr: 2FA with SMS is always a bad idea. ...

2FA with SMS is always a bad idea.

quoting nevent1q…h8j2

In 2018, crypto investor Michael Terpin was hacked through a SIM swap attack.

He lost around $24 million and sued AT&T, but the judge sided with the company.

A SIM swap attack happens when hackers take over your phone number to access your crypto or personal info. They gather your data, pretend to be you to your phone carrier, and switch your number to a new SIM card they control.

#Bitcoin #BTC #Cryptocurrency #Crypto #Nostr

https://cointelegraph.com/learn/what-is-a-sim-swap-attack