In the wake of Friend.tech’s collapse, Cointelegraph spoke with industry leaders to find out what went wrong and what comes next.
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Friend.tech transferred control of some of its smart contracts to a null address, which can never be reversed.
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Friend.tech, the struggling decentralized social media application, has announced a major update to its platform, setting the admin and ownership parameters of its smart contracts to the address 0x000…000. This move effectively renounces control over these contracts, ensuring that no future changes can be made to their fees or functionality. The web client at friend.tech […]
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Racer, a co-founder of Friend.tech – a socialfi network – has posted a bounty of $200K for anyone bringing an implementation allowing the migration of its platform off Base, the Coinbase incubated rollup Layer 2. Racer declared: “System design bounty: If you can figure out a way to migrate friendtech off of Base without causing […]
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Base is already home to 46% of transactions related to SocialFi on-chain, but the asset manager says it has even more room to grow.
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Crypto users are increasingly turning attention to new SocialFi apps, but analysts say it’s probably too early to say whether “SocialFi season” has arrived.
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Friend.tech, the decentralized social media application on the Base network, recently launched its native token through an airdrop. Since trading commenced, the token has plummeted, dropping anywhere from 50% to 90% of its initial value across various decentralized exchange (dex) platforms, as reported by several different price aggregation websites. FRIEND Starts Strong but Value Plummets […]
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The largest Friend.tech whale has sold all his holdings, causing the new token to fall over 50% in value while other users are still unable to claim the airdrop.
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The exploiter of the Web3 social media platform agreed to keep a 10% bounty in exchange for returning the remainder of the stolen funds.
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The 2FA security measure is optional for Friend.tech users seeking additional security on the platform.
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