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Market News

Severe Vulnerabilities in Friend.tech Leads to Database Leak

A data API vulnerability leads to leak of over 100k Friend.tech users

Written By Gopal Solanky Gopal Solanky
Published 2023-08-21·Updated 2 years ago
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Severe Vulnerabilities in Friend.tech Leads to Database Leak

While Friend.tech is blasting with tons of users, some on-chain sleuths have already discovered alarming vulnerabilities in its smart contract. 

A pseudonymous core contributor to Yearn Finance, Banteg has posted a list of 101,183 people containing twitter accounts and their address connected on Friend.tech. 

101,183 people has given friend tech access to posting as them, leaked db indicateshttps://t.co/yYYDqzUoON

— banteg (@banteg) August 21, 2023

Banteg claimed that users gave access to posting them as the site asked for their data. Friend.tech asked permission to track and save data from twitter while signing up and users also granted permission to post on their behalf. 

The data leakage-vulnerability was found by onchain data researcher SpotOnChain which shared it on X. SpotOnChain revealed that user data can be obtained by API.

🚨🚨 Some facts for the fast-growing @friendtech project:

➡️ generated a 2,953 $ETH (~$5M) fee in just 11 days
➡️ The current value of all shares is 4,435 $ETH (~$7.4M)

However:
🚫 data leak via API
🚫 you can buy/sell shares without an invitation code from the contract

More… pic.twitter.com/lRGDUJQgFZ

— Spot On Chain (@spotonchain) August 21, 2023

In another vulnerability, it also stated that users can buy or sell shares directly on Etherescan using Metamask wallet. 

The news comes forward amid Friend.tech being in trend in the crypto community with its sparkling beta launch. It generated over $1 million in fees in 24 hours, surpassing major DeFi players like Uniswap and Bitcoin.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Gopal Solanky, Senior Reporter for Markets and Protocols at The Crypto Times
By Gopal Solanky Sr. Crypto Journalist
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Gopal Solanky is a Senior Reporter for Markets & Protocols at The Crypto Times, based in Ahmedabad. He covers institutional crypto adoption, Bitcoin treasury strategies, DeFi markets, protocol ecosystems, Ethereum network activity, Hyperliquid, on-chain trends, and broader digital asset market movements. Gopal has been active in the crypto ecosystem for more than six years. Before joining The Crypto Times full-time in 2023, he worked as a freelance crypto content writer, developing a strong understanding of blockchain infrastructure, DeFi protocols, market cycles, token mechanics, and peer-to-peer systems. His reporting focuses on explaining how protocols work, why market movements happen, and how institutional and on-chain activity affects crypto investors and builders. At The Crypto Times, Gopal also hosts on-the-record interviews with regional Web3 founders, protocol teams, and ecosystem leaders. His work has been cited by external publications, including Vulture.com, in coverage of major crypto stories such as the Hawk Tuah memecoin controversy. His reporting has also contributed to The Crypto Times’ coverage of major industry events, including FTX-related developments, institutional crypto adoption, and emerging protocol narratives. Gopal holds a Bachelor’s degree in Computer Applications, giving him a technical foundation for analyzing blockchain systems, crypto infrastructure, and market data.

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