Friend.tech Account X Suspected to Have Been Hacked

Recently, on the evening of April 15, 2024 (UTC), the social media account X of the socialFi platform Friend.tech posted a status in Chinese suspecting interference from hacker organizations.

当friendtech v2发布时，确保拿走所有白人的钱

— friend.tech (@friendtech) April 15, 2024

This Chinese-language status contained inappropriate content and targeted wealthy individuals, implying that only the wealthy have the right and ability to use the Friend.tech social platform.

Following this status, a series of individuals launched attacks and raised questions:

Is this really you?

As of now, Friend.tech has not confirmed the source of this information. Earlier, in October of last year, Friend.tech users were targeted in attacks related to SIM swapping.

Introduction to Friend.tech

Friend.tech is a decentralized social token application built on the Base platform, allowing creators to earn money from their content or expertise. Creators connect with their online community through tokenized attention, where their influence is represented by “Keys” (shares). This application allows anyone on the platform to bet on the social value of other users, through buying and selling shares of users. Essentially, Friend.tech is a social token platform.

On August 10, the Friend.tech app was launched and quickly gained popularity on Crypto Twitter. The app only operates on mobile phones and is built on the newly launched Layer 2 chain, Base, of the centralized exchange Coinbase. Within one day, Friend.tech attracted over 8,500 users and generated over 3,200 ETH in trading volume from buying and selling user shares. According to Dune, this platform has conducted over 6,682 ETH in transactions, equivalent to over $12.3 million USD, since its launch four days ago. It has generated 334 ETH (approximately $615,000 USD) in transaction fees. The popularity of Friend.tech has also propelled Base past the Layer-2 Arbitrum network in terms of daily active users.