This development stems from friend tech’s integration with Twitter, a platform known for its open nature. By leveraging this integration, users’ addresses and address controllers are becoming more exposed, raising questions about privacy in the decentralized finance (DeFi) realm.
The integration involves friend tech seeking permission from Twitter to post on users’ behalf. While this has enabled streamlined interactions, concerns about address privacy have emerged. DeFi researcher Ignas has previously emphasized the importance of using anonymous emails in conjunction with FriendTech due to the absence of a clear privacy policy. Furthermore, Ignas recommended the use of new wallets and funds injection from centralized exchanges (CEX) to enhance user security.
However, recent revelations by Spot On Chain have highlighted potential vulnerabilities within friendtech‘s system. According to their analysis, the application invitation code and the application itself hold no sway over the contract, allowing for direct on-chain buying and selling of shares. This has sparked discussions about the effectiveness and security of friend tech’s infrastructure.
In a separate discovery, concerns were raised about the exposure of user information through the FriendTech API. This has led to the revelation that wallets generated by friend tech are viewable via the API, raising alarm bells about the safety of sensitive financial data.
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