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.

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.

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