Renowned crypto influencer Machi Big Brother incurred a substantial loss of $16 million after investing $17 million in Friend.Tech (FRIEND) tokens. The initial investment of 11.1 million FRIEND tokens, purchased for 5,200 ETH (approximately $16.7 million), plummeted in value to $0.7 million following a sudden sell-off. This significant loss was precipitated by the Friend.Tech team's unexpected decision to relinquish control of their smart contract, effectively ceasing operations within a year of launch. The drastic decline in FRIEND token value underscores the inherent risks and volatility of the cryptocurrency market.
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