Anonymous crypto phenomenon lost $15 million in Friend-tech

The year 2024, when Bitcoin reached its new peak with 73 thousand dollars, was disappointing for altcoins outside a certain period. While many altcoins fell to price levels almost 4-5 years ago, a crypto phenomenon that invested in the Web3 social network project Friend.tech lost millions of dollars.

The crypto phenomenon known as Machi Big Brother on social media platform X faces a very serious loss in Friend.tech investment... According to the information given by the on-chain tracking company Lookonchain, the investor spent 16.7 million dollars for FRIEND, the token of Friend.tech.

The crypto phenomenon, which spent 5200 ETH on the purchase of FRIEND and bought in this way, earned a total of 11.1 million tokens. The declines over time caused Machi Big Brother to face serious damage.

The Friend.tech team sent control of smart contracts to invalid Ethereum addresses yesterday. This situation caused the spread of claims that the application would now be closed. Although the team denied the allegations in the evening, there was a serious decrease in the FRIEND token.

There is a rise, but...

The value of Machi Big Brother's tokens, which have been at a loss in FRIEND for months, has dropped to 700 thousand dollars with these declines. After the claims that the platform would be closed were denied, there was a rise in the token and the value of Machi Big Brother exceeded 1 million dollars. However, the overall loss is still around 15 million dollars.