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Friend Tech

avoid.net/friend-tech→4/100·100% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:etherscan][src:zachxbt][abandoned][base][data-breach][defi][rug-pull-adjacent][sim-swap][social][token-collapse]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·wm5xH9…1euG

Summary

Friend.tech was a SocialFi application launched on Coinbase's Base L2 in August 2023 that allowed users to buy and sell tokenized 'keys' (shares) of social media influencers. The platform suffered a wave of SIM-swap attacks draining at least 343 ETH from users, exposed wallet addresses of 101,000 users via an API data breach, launched its FRIEND token in May 2024 which collapsed 98% within months, and was ultimately abandoned by its pseudonymous founders in September 2024 after they extracted approximately $44 million in protocol fees.

Connected Entities

1 entities
Organizations
□Friend Tech
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    Timeline(11 events)

    19 May 2023

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

    10 August 2023

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

    18 August 2023

    Paradigm confirms participation in Friend.tech seed investment round.

    21 August 2023

    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.

    2 October 2023

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

    3 October 2023

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

    5 October 2023

    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.

    5 October 2023

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

    3 May 2024

    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.

    9 September 2024

    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.

    9 September 2024

    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.

    Provenance & Audit Trail
    Anchored on SolanaVerify on-chainsrc:etherscansrc:zachxbt

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain (1 event).

    full audit log →version history →

    model: claude-sonnet

    generated: 5/4/2026, 4:05:00 PM

    last updated: 8/29/2026, 1:35:53 AM

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