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Friend.tech Faces Data Leak and Security Concerns

August 21, 2023
in Blockchain
Reading Time: 2 mins read
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The Good friend.tech undertaking, which has just lately garnered important consideration within the crypto neighborhood as a consequence of its speedy monetary progress, is now going through scrutiny over knowledge leak and safety issues. A tweet from Cos raised alarms by suggesting that over 100,000 Twitter accounts comparable to sure pockets addresses have been compromised. This breach poses a major privateness risk, as these addresses might probably be linked to unveil extra personal details about customers.

Additional including to the safety issues, Spot On Chain highlighted potential vulnerabilities with the Good friend.tech platform. Regardless of producing a powerful 2,953 ETH (roughly $5M) in charges inside simply 11 days and the present worth of all shares standing at 4,435 ETH (round $7.4M), the undertaking has points equivalent to potential “knowledge leaks by way of API” and the unsettling skill for customers to “purchase/promote shares with out an invite code from the contract.”

Amid these issues, the platform has additionally seen an inflow of bot exercise. DeFiyst identified the continuing Miner Extractable Worth (MEV) battle on Good friend.tech‘s Base, with bots bettering exponentially because the open-sourcing of the primary snipers final week.

Since its launch, Good friend.tech has change into a buzzword within the crypto neighborhood. Excessive-profile figures, equivalent to Garry Tan, President & CEO of Y Combinator, have introduced their affiliation with Good friend.tech. Nonetheless, in mild of rising safety and knowledge leak issues, potential traders and customers are suggested to train warning and conduct thorough analysis earlier than partaking with the undertaking.

Picture supply: Shutterstock

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Tags: concernsDatafacesfriend.techleaksecurity
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