Friend Tech

2023-05-19

Friend.tech completes seed funding round with participation from Paradigm.

2023-08-10

Friend.tech officially launches on Base (Coinbase's Ethereum L2), created by pseudonymous founders 0xRacerAlt and shrimppepe.

2023-08-18

Paradigm confirms participation in Friend.tech seed investment round.

2023-08-21

Banteg (Yearn Finance contributor) publishes scraped Friend.tech API data on GitHub, exposing wallet addresses and Twitter usernames of approximately 101,183 users. Friend.tech disputes the characterization as a breach.

2023-10-02

Friend.tech surpasses $50 million TVL and 10,000 ETH in cumulative protocol revenue.

2023-10-03

First wave of SIM-swap attacks publicly reported; approximately 109 ETH drained from four Friend.tech users.

2023-10-05

ZachXBT documents a single attacker stealing 234 ETH (~$385,000) within 24 hours via SIM-swapping four Friend.tech users. Total documented SIM-swap losses exceed 343 ETH.

2023-10-05

Friend.tech introduces optional feature allowing users to change their login method away from phone numbers in response to SIM-swap attacks.

2024-05-03

Friend.tech launches FRIEND token via airdrop alongside platform version 2 and Money Club feature. Token briefly trades above $3 before collapsing 90%+ within hours. Bloomberg reports 98% decline from launch.

2024-09-09

Friend.tech team transfers admin and ownership rights of all protocol smart contracts to a null address, permanently revoking the ability to upgrade or collect fees. FRIEND token drops 21-30% on the news.

2024-09-09

DL News reports founders extracted approximately $44 million (half of ~$90 million in total protocol fees) before abandoning the project. Founder Twitter accounts deleted or made private.