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friend.tech: 2FA passwords can now be added to friend.tech accounts

Social protocol friend.tech announced on social media that it is now possible to add 2FA passwords to friend.tech accounts for extra protection in case mobile carriers or email services are threatened. Neither friendtech nor the Privy team can reset these passwords, so please use this feature with caution.

friend.tech’s Agreement Fees Have Exceeded US$40 Million, and Its Agreement Revenue Has Exceeded US$20 Million

October 9th, according to DefiLlama data, the fees of friend.tech protocol have exceeded 40 million US dollars, reaching 41.05 million US dollars. Protocol revenue has exceeded 20 million US dollars, reaching 20.52 million US dollars.

The friend.tech Help Desk Has Been Moved to [email protected]

Social protocol friend.tech stated on social media that our friend.tech service desk has been migrated to [email protected], so we can provide help to more users without worrying about Twitter DM speed limits.

Friend.tech’s Cumulative Transaction Volume Has Exceeded 10 Million Since Its Launch

According to the latest data from Dune Analytics, the Web3 social protocol Friend.tech has exceeded 10 million transactions, reaching 10,082,974 transactions at the time of writing (including 182,908 independent sellers and 334,883 independent buyers). The total protocol fees reached 11,932.536 ETH (equivalent to approximately $19.69 million at current prices). The total inflow of the Friend.tech protocol was 239,710.404 ETH.

friend.tech Developer Has Earned Nearly $20 Million Since Launching in August

According to DefiLlama data, friend.tech is the largest revenue-generating application on Base and the second-largest application in all cryptocurrencies. At the current rate, its annual revenue is expected to reach $180 million. So far, the platform has charged users a total fee of nearly $40 million.

Friend.tech Faces Hacks and SIM Swap Attacks While Seeing Growth in TVL and Revenue

Several users have reported that their Friend.tech accounts were hacked and their assets were stolen, raising doubts about the platform's decentralization claims. The founder of SlowMist pointed out that Friend.tech offers centralized services without two-factor authentication, making it an easy target for attackers.

friend.tech Is Centralized and Has the Risk of Information Leakage

SlowMist founder Yu Xian stated in a post on X (formerly Twitter) that in recent days, users have reported cases of friend.tech accounts being hacked and assets being stolen. Previously, it was mentioned that ft is centralized and has the risk of information leakage (this risk has always existed). Your ft account is either registered with a mobile phone number, a Gmail email, or an Apple account, and doesn't even have 2FA. Of course, the wrongdoers are closely monitoring these poorly protected attack methods.

friend.tech’s Agreement Fees Have Exceeded US$30 Million

September 27th, according to DefiLlama data, the protocol fee of friend.tech has exceeded $30 million, reaching $30.32 million. Protocol revenue has exceeded $15 million, reaching $15.16 million.

friend.tech TVL Exceeds US$40 Million

On September 26th, DeFiLlama data shows that friend.tech's total value locked (TVL) has surpassed $40 million and is currently at $40.06 million. Earlier, friend.tech's TVL surpassed $10 million on September 8th, $20 million on September 11th, and $30 million on September 14th.

friend.tech Has Launched a Web Version

September 21st, according to official sources, friend.tech has launched a web version, allowing users to use friend.tech in their browser.