Cryptocurrency influencer Machi Big Brother lost $16 million on a $17 million investment in Friend.Tech (FRIEND) tokens. Initially purchasing 11.1 million FRIEND tokens for 5,200 ETH ($16.7 million), the investment's value plummeted to $0.7 million following a sell-off. This loss followed a decision by the Friend.Tech team to abandon their smart contract control, effectively ceasing operations within a year of launch. The FRIEND token's value has significantly dropped, highlighting the risks and volatility in the cryptocurrency market.
