a friend tech a kind of decentralized social network, gaining both popularity and critics. While it has already conquered some well-known people such as Grayson Allen, NBA player, and Richard Bengtson II, co-founder of FaZe, others warn of problems with the network.
The first, and perhaps the largest, is the alleged leak of information about more than 100,000 usersincluding their Twitter usernames and their cryptocurrency wallet addresses.
The second is related to Friend Tech permissions. After registration, the social network can tweet and retweet from your Twitter accountthat is, your account can be used to slap your friends and followers.
What is FriendTech?
When opening the Friend Tech website, there is little information. The site asks the visitor to access it from a smartphone and then install the application. On other social media, she describes herself as “your network is your asset”.
Basically, Friend Tech allows content creators to earn money by selling their “tokens” within the social network in exchange for benefits. Moreover, these tokens can also appreciate depending on the popularity of the creator. That is, it is a way to reward those who move such platforms, something web3 holds dear.
Built on top of Base, Coinbase’s blockchain, its popularity is growing and already ranks third among the largest on-chain fee generators. Ahead of you are only Ethereum and Lido, even Bitcoin lags behind.
Another graph presented by Dune Analytics also shows the rapid growth of the project, which has already become famous in 10 days.
Decentralized social network project is under criticism
Although it has already attracted some celebrities, Friend Tech has also received criticism. While some claim the social network could be tweeting on Twitter’s behalf, others signaled a potential leak of user data.
“Imagine enabling others to do these things on your profile”warned user Elja. “In the future, they may post or retweet things from your account that have bad intentions and could harm your community.”
“Just one security breach and it’s all gone.”
As a recommendation, the user points out that people should disable such permissions within Twitter itself to mitigate this risk.
However, another user brought even more criticism to Friend Tech, stating that the decentralized social network has already experienced a major information leak.
“101,183 people gave Tech Friend access to post like them, indicating a leaked database.”
101,183 people have given friend tech access to posts like them, leaked db indicateshttps://t.co/yYYDqzUoON
— banteg (@bantg) August 21, 2023
Checking the information, the live coins discovered that the GitHub repository referenced in the post above is no longer available. Therefore, we were unable to verify their content, which allegedly contained wallet addresses and usernames.
Friend Tech stated in its defense that such data is public. In other words, there was no leakage.
“This is just someone collecting our public API that shows the association between public wallet addresses and public Twitter usernames. It’s like saying someone hacked you by looking at your public Twitter feed.”Friend Tech wrote, calling the media irresponsible.
This is just someone scraping our public API showing the association between public wallet addresses and public Twitter usernames.
It’s like saying someone hacked you by looking at your public Twitter feed.
Irresponsible reporting @The block_ And @vishal4c https://t.co/GIXOWazqBk
— friend.tech (@friendtech) August 21, 2023
Finally, in addition to the great lack of information about the project and the great criticism in the early days, the community has doubts whether the project will continue. That is, it is possible that it has the same purpose as play-to-earn games, which disappeared as quickly as they appeared.
Source: Live Coins
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
