Crypto introduces a new feature to enhance user security next Cryptocurrency scrgruppen team is taking an important step towards enhancing user security by introducing the Two-Factor Authentication (2FA) password feature.

This security improvement aims to protect users from the growing threat of SIM swapping attacks, which has been plaguing the platform recently. offers two-factor authentication (2FA) passwords.

The move comes in response to a series of SIM swap attacks targeting users since September. These attacks involve hackers taking control of users’ phone numbers, bypassing security measures, and gaining unauthorized access to accounts. The consequences were devastating, with some users losing valuable digital assets.

To address these security concerns, announced the addition of two-factor authentication passwords in an October 9 post on its official social media account. This new feature allows users to add an extra layer of protection to their accounts. If a user’s mobile network or email service is compromised, a two-factor authentication password will protect them from authorized access.

Users will also be required to set up a two-factor authentication (2FA) password when logging into new devices, providing an additional barrier against potential attacks. Notably, the and Privy teams cannot reset two-factor authentication passwords, which puts the responsibility squarely in the hands of users.

The decision to implement two-factor authentication was met with mixed reactions. While some users applauded the move, others criticized for not acting sooner. Prominent platform creator 0xCaptainLevi expressed optimism about the new security feature, stressing that two-factor authentication is a “big deal” that could help raise the social media platform’s security and popularity.

How SIM swap attacks exploit users

In a separate thread from X, Blockworks founder Jason Yanowitz shed light on one of the ways in which SIM swap attacks are organized. Hackers send text messages to users asking for permission to change their phone numbers. Users can reply “Yes” to agree to the change or “No” to reject it.

If the user answers no, they will receive a real verification code from and be asked to send it to the scammer’s number. Manipulation puts users at risk of losing control of their accounts and digital assets.

By offering 2FA password protection, aims to enhance the security of its platform and give users greater peace of mind. The new feature ensures that even if cellular carriers or email services are hacked, accounts remain safe.

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