Friend Tech
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 4 → 49. Problems weighed by who is responsible: the subject's own conduct −8, concerns that are not fraud −6.4, problems around the subject, caused by others −3.2; legitimacy credit long-running +2. Version history →
Why this score
| Every page starts at | 65 |
| The subject's own conduct | -8 |
| Concerns that are not fraud | -6.4 |
| Problems around it, caused by others | -3.2 |
| Long-running | +2 |
| Sum | 49 |
Score: 49/100 (kept between 0 and 100)
How scoring works →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
6 entities · 60 linked investigations- Ethereum→mentioned with→Coinbase(60%)
- Yearn Finance→mentioned with→Ethereum(70%)
- ZachXBT→mentioned with→Ethereum(70%)
- Friend Tech→mentioned with→Base(70%)
- Friend Tech→mentioned with→Ethereum(80%)
- Friend Tech→mentioned with→ZachXBT(70%)
- Friend Tech→mentioned with→Coinbase(70%)
- Coinbase→mentioned with→Base(70%)
- Coinbase→mentioned with→ZachXBT(70%)
- Friend Tech→mentioned with→Yearn Finance(80%)
- + 2 more
Timeline(11 events)
10 August 2023
Friend.tech officially launches on Base (Coinbase's Ethereum L2), created by pseudonymous founders 0xRacerAlt and shrimppepe.
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.
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.
Decision Log
- slot 455363120 · hash 89d3QGPYLkUEPEzxY1nJxgmRgbWjfLx84QRpUFoYPjvQ
- slot 420042431 · hash BFtJDmsbNAowUC1RpyJZvpBuRwBRQ82BfUCf8kvdu1bU
This investigation is cryptographically anchored to the Solana blockchain (2 decisions).
model: claude-sonnet
generated: 5/4/2026, 4:05:00 PM
last updated: 10/10/2026, 6:43:06 PM
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