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News

Is Friend.tech Safe? Blockchain Influencer Raises Concerns About Security

August 21, 2023 - Around 2 mins mins to read

Key Points:

  • Friend.tech has over 64,000 users and has generated over $1.04 million in fees in the past 24 hours alone.
  • Concerns have been raised about the platform’s founders and security flaws by blockchain influencer EljaBoom.
  • The app can post and retweet on users’ behalf, which may have bad intentions and harm their community.
Friend.tech gains traction in crypto with 64K+ users & $1M+ fees but concerns arise about founders & security flaws. Be cautious before signing up.
Is Friend.tech Safe? Blockchain Influencer Raises Concerns About Security
Source: Elja

Recently, Friend.tech has gained much traction in the crypto world, with over 64,000 users signing up and a trading volume reaching over 24,000 ETH.

Friend.tech, a platform that allows personalities from X (formerly Twitter) to issue shares on its app for access to a closed group chat, has generated over $1.04 million in fees, which are set at 5% of the value of each transaction, in the past 24 hours alone.

According to data from DefiLlama, this has earned the platform approximately $709,739 worth of ether in revenue (after paying out gas fees and other costs).

However, According to Blockchain Influencer, EljaBoom, there are concerns about the platform’s founders and security flaws.

The team behind Friend.tech is the same team behind KosettoIsKawaii, a platform that sold wearable NFT stickers and had users spam referral codes in 2022. Since then, there have been no updates from them.

Additionally, be aware that the app can post and retweet on your behalf, giving a third party power to post or retweet content that may have bad intentions and harm your community. One security flaw could cause everything to be lost.

As per CoinDesk, NBA player Grayson Allen experienced a surge in share prices within hours of joining the Friend.tech.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

# Twitter

elon musk twitter

friend.tech

Friend.tech Safe

Friend.tech Security

Author

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.
News

Is Friend.tech Safe? Blockchain Influencer Raises Concerns About Security

Key Points:

  • Friend.tech has over 64,000 users and has generated over $1.04 million in fees in the past 24 hours alone.
  • Concerns have been raised about the platform’s founders and security flaws by blockchain influencer EljaBoom.
  • The app can post and retweet on users’ behalf, which may have bad intentions and harm their community.
Friend.tech gains traction in crypto with 64K+ users & $1M+ fees but concerns arise about founders & security flaws. Be cautious before signing up.
Is Friend.tech Safe? Blockchain Influencer Raises Concerns About Security
Source: Elja

Recently, Friend.tech has gained much traction in the crypto world, with over 64,000 users signing up and a trading volume reaching over 24,000 ETH.

Friend.tech, a platform that allows personalities from X (formerly Twitter) to issue shares on its app for access to a closed group chat, has generated over $1.04 million in fees, which are set at 5% of the value of each transaction, in the past 24 hours alone.

According to data from DefiLlama, this has earned the platform approximately $709,739 worth of ether in revenue (after paying out gas fees and other costs).

However, According to Blockchain Influencer, EljaBoom, there are concerns about the platform’s founders and security flaws.

The team behind Friend.tech is the same team behind KosettoIsKawaii, a platform that sold wearable NFT stickers and had users spam referral codes in 2022. Since then, there have been no updates from them.

Additionally, be aware that the app can post and retweet on your behalf, giving a third party power to post or retweet content that may have bad intentions and harm your community. One security flaw could cause everything to be lost.

As per CoinDesk, NBA player Grayson Allen experienced a surge in share prices within hours of joining the Friend.tech.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.