Yesterday, (July 30th 2024) the SEC announced charges against BitClout (aka DeSo) founder Nader Al-Naji, which highlights the risks misbehavior through centralized protocols in #SocialFi. Similarly, the case around friend.tech, developed in August 2023 by anonymous developers 0xRacerAlt and shrimppepe, both of whom have controversial histories in the crypto community, underscores the need for better foundational protocols in the SocialFi space.

This article examines the challenges and flaws ass