Renowned crypto influencer Ben Armstrong has cast a spotlight on FriendTech, the latest entrant in the ever-evolving Web3 arena. Armstrong, known for his candid insights, has sounded a note of warning regarding the app, revealing some unsettling aspects that have caught his attention. In a thought-provoking Twitter thread, Armstrong delves into the intricacies of the situation and urges caution among his followers.
The thread ignited with a blaze of concern, stemming from recent reports of a security breach that caused the exposure of data from more than 101,000 FriendTech accounts. However, FriendTech was swift to counter these claims, asserting that the incident was merely a result of someone scraping its public API. The API showcased the correlation between public wallet addresses and public Twitter usernames, essentially analogous to someone glancing at a public Twitter feed.
Labelling the reporting by The Block as irresponsible, FriendTech defended its stance, emphasizing that the breach was not as ominous as portrayed. Nevertheless, Armstrong remained sceptical, indicating that FriendTech’s explanation wasn’t sufficiently reassuring for the safety of investors. He highlighted the potential dangers of the scraped data, outlining a scenario in which hackers could meticulously craft personalized direct messages (DMs) that appear startlingly authentic.
“These messages,” Armstrong cautioned, “could be so convincing that even the most vigilant individuals might fall for them. Adding to the complexity, fake FriendTech airdrop advertisements have surfaced on Twitter, compounding the threat.”
Armstrong’s astute analysis then took a turn towards a darker possibility: the leakage of email addresses. He illuminated how hackers armed with such information could orchestrate elaborate phishing campaigns, capitalizing on the façade of legitimacy that FriendTech’s branding could provide.
“If a hacker gains control over your email,” Armstrong elucidated, “they potentially seize the reins of your social media accounts, using your profiles as springboards for widespread deception. The implications extend beyond impersonation, with your private photos and videos potentially exposed to the world.”
With a firm determination to safeguard his followers, Armstrong passionately advocated for the termination of FriendTech’s access to Twitter accounts through the Security feature nestled within the Twitter Settings. Undoubtedly, his primary objective is to shield his community from potential harm and ensure their online safety.
Interestingly, the advisory nature of Armstrong’s thread takes on added resonance given his own history of facing allegations of involvement in scams. The juxtaposition paints a complex picture where even crypto influencers tread cautiously, revealing the high stakes and intricate landscape that define the Web3 domain.
Source: https://bitcoinworld.co.in/ben-armstrong-raises-alarms-over-security-concerns-in-friendtechs-web3-venture/