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Socialfi’s Shining Star Friend.tech Dims: A Tale of Decline and Disinterest
4.2.2024
Just a few months back, social finance (socialfi) platforms were the talk of the town, with Friend.tech leading the charge amidst surging popularity. Yet, as the curtains closed on October 2023, this once-celebrated socialfi platform witnessed a sharp decline in user engagement, and data from...
User Interface Bug in Friend.tech Caused Traders to Overpay 187 ETH for ‘Keys’
2.2.2024
A bug in the user interface implementation of Friend.tech has led to traders overpaying for ‘keys’ on the platform. In a recent post on X, security researchers Pawel Wylecial and ‘E.Laszlo’ said the bug arises from the user interface caching information before transactions...
Friend.tech Completes On-Chain Transaction for Ownership Transfer
4.12.2023
Source: Adobe / Joaquin Corbalan Friend.tech, a decentralized social app built on Coinbase’s blockchain Base, has successfully transferred the ownership of its smart contract and funds to “a new combination of multisig and professional custody.” The news that the necessary on-chain transactions...
Is Avalanche Going to Zero? AVAX Price Suffers 8% Fall as New Mining Protocol Raises $2.4 Million
21.11.2023
Layer-1 blockchain Avalanche has seen native AVAX price tumble -8% in an ongoing retracement following a local rally top, but with price pushing down is Avalanche going to Zero? The impressive Avalanche rally has seen price climb +180% rapidly over the past month after being triggered by...
Hashing It Out: A case for Web3 social media, and is Friend.tech a security?
26.10.2023
CyberConnect co-founder Ryan Li believes that creators who want their content to live forever will ditch Web2 social media platforms for Web3 alternatives
Friend.Tech User Dumps Keys Worth $1.5M, Switches to Bitcoin dApp
24.10.2023
Newer opportunities have stalled Friend.Tech’s initial growth wave, and applications such as New Bitcoin City are quickly emerging as one of the biggest bets
Stars Arena recovers 90% of exploited funds after onchain negotiations
12.10.2023
Stars Arena negotiated with the attacker over the course of four days, eventually recovering 90% of funds in exchange for an agreement not to prosecute
Avalanche-based Star Arena Recovers 90% of Hacked Funds, Offers 10% Bounty
12.10.2023
On-chain social platform, Star Arena has announced a recovery of assets drained from its platform over the weekend following an agreement with the hacker.
In a post on X (formerly Twitter), the platform disclosed that 90% of user assets have been recovered while the hacker was offered a...
Friend.tech Adds 2FA Password for Users Amidst Ongoing SIM-Swap Attacks
10.10.2023
The team behind the decentralized social media platform Friend.tech has responded to a series of SIM-swap attacks targeting its users by implementing a crucial security enhancement.
In a recent announcement on X (formerly Twitter), Friend.tech unveiled the introduction of a Two-Factor...
Friend.tech adds new security upgrade in wake of SIM-swap attacks
10.10.2023
The 2FA security measure is optional for Friend.tech users seeking additional security on the platform
Friend.tech Developers Amass Nearly $20 Million Since August Debut
7.10.2023
The development team behind friend.tech has amassed nearly $20 million in revenue since its launch in August.
According to data from DeFiLlama, friend.tech currently holds the position of the largest revenue-generating application on Base and the second-largest across the entire crypto space. ...
Avalanche Price Prediction as AVAX Pumps Another 5.5% on SocialFi Hype and Rising On-Chain Activity
6.10.2023
AVAX, the native token that powers high throughput layer-1 blockchain protocol Avalanche, has pumped another 5.5% on Friday, takings its gain on the week to close to 10%, as the launch of a new SocialFi (web3 social media platform) called Stars Arena on its blockchain generates hype.
As...
Crypto VC Funding Declines Again in Q3 as Crypto Winter Drags On
6.10.2023
The crypto winter that began in 2022 yet to end, according to the latest figures on venture capital (VC) funding for crypto firms presented by data analytics firm FundStrat.
In a new presentation, FundStrat noted that VC funding for crypto firms contracted for a sixth successive quarter to $1.4...
Friend.tech copycat StarsArena patches exploit after some funds were drained
5.10.2023
StarsArena announced that attackers were draining funds through a loophole, but the contract has been patched to prevent further damage
Friend.tech offers login removal solutions after SIM-swap reports
5.10.2023
Friend.tech has enabled features for users to add and remove login methods on personal accounts after SIM-swaps gave hackers access to personal user information
Friend.Tech Targeted SIM Swaps Worsen as Users Lose More Ether
5.10.2023
CoinDesk reported earlier this week that Friend.Tech users were seemingly starting to get targeted in SIM swap exploits
Scammer Makes Off Around $400K in 24 Hours by Targeting Friend.tech Users Through SIM Swapping Scams
5.10.2023
A hacker has stolen approximately $385,000 worth of digital assets in the past 24 hours by performing SIM-swapping attacks on friend.tech users.
In a recent post on X (formerly Twitter), blockchain sleuth ZachXBT revealed the scammer had pilfered 234 ETH over the past 24 hours by SIM-swapping...
Friend.tech SIM-swap scourge continues as scammer nets $385K in Ether
5.10.2023
Leaked mobile phone numbers have given scammers an easy way to drain Friend.tech user accounts
Friend.tech clone Stars Arena drives surge of activity on Avalanche
5.10.2023
The price of AVAX has surged more than 8% amid heightened network activity brought about by Friend.tech look-alike Stars Arena
Friend.tech users blame SIM swaps after more than 100 ETH drained in a week
4.10.2023
In a short period of time, four friend.tech users reported their accounts were compromised and drained after hackers seized control of their mobile numbers