According to ChainCatcher, NDV co-founder Christian posted on a social platform, "I lost $500,000 on Friend.Tech.
First, I know that all my profits come from community members who believe in and value the vision of decentralized social power.
Second, I know that Racer (founder of Friend.Tech) may not be able to develop a killer app, but I never thought he would be so unethical to "cut leeks". I thought the community would be able to recover from this, but he completely destroyed all possibilities for the CTO.
I don't know what due diligence Paradigm did on him, but this is undoubtedly a tragedy of this cycle."