Friend.Tech

Friend.Tech, launched in 2023, uses "keys" for monetizing social interactions, attracting significant initial interest but facing challenges in sustaining engagement and revenue ahead of its version 2 launch.

Friend.tech TVL dropped to US$33.98 million, a 19.5% decrease from US$42.25 million on November 18, within the last two days.

Friend.tech faces a phishing surge as attackers pose as journalists, targeting Key Opinion Leaders to compromise user credentials and risk fund theft. SlowMist warns of a cunning strategy, urging heightened awareness and security measures to combat the threat.

Binance aims to use its Social Finance (SocialFi) initiatives as a catalyst for bringing Web3 technology into mainstream acceptance, is very aligned to CyberConnect which aims for long-term sustainability through developer-focused blockchain solutions.

While the crypto market is basking in its most fruitful week in over a year, the SocialFi app seems to be encountering headwinds.

If everything sucks, what's the way forward?

Friendtech is flawed- but these flaws are far from unique

SIM Swap attacks are apparently really easy- and Friendtech was the perfect target.