Friend.tech Denies Leak of 101,183 Ethereum Addresses

Crypto social media platform friend.tech denies leaking database of Ethereum addresses

Crypto social media platform friend.tech has denied allegations that it leaked a database of 101,183 Ethereum (ETH) addresses, which allowed the decentralized finance (DeFi) protocol to impersonate users on social media. Several users whose ETH addresses were compromised said they had already revoked access. However, friend.tech claims that the leaked database was just someone scraping their public API, which shows the association between public wallet addresses and public Twitter usernames.

The breach claimed to link affected members’ Twitter IDs with their ETH wallets.
Users voiced concerns about doxxing even before the leak occurred.
Friend.tech announced a new bridge to fund user wallets from Ethereum balances four days before its launch.
Friend.tech’s team dismissed concerns about logging ETH transfers and emphasized that their wallets require multiple signatures to spend crypto.
The platform’s user base grew rapidly after launching on Coinbase’s Base chain, with over 54,000 unique buyers and 20,000 sellers.

Friend.tech combines social media and crypto-economics

Friend.tech was founded by the creators of Stealcam, an application that converts uploaded images into NFTs. The platform describes itself as a mix of social media and crypto trading, allowing users to exchange tokenized shares with their influencers. Stealcam incentivizes users to “steal” NFTs from each other, with the victim being fully compensated for the NFT and the creator and previous owner sharing a portion of the restitution payment.

Hot Take

The alleged database leak raises concerns about the security and privacy of user information on crypto social media platforms. While friend.tech denies any wrongdoing, the incident highlights the need for robust security measures to protect users’ personal and financial data. Additionally, the rapid growth of friend.tech’s user base demonstrates the increasing popularity of platforms that combine social interactions with crypto trading. However, the integration of these two worlds also brings new risks and challenges that must be addressed to ensure a safe and trustworthy environment for users.