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    <p>Security researchers Pawel Wylecial and ‘E.Laszlo’ have released a report that details a bug in the Friendtech user interface implementation that resulted in traders overpaying for ‘keys’ on the blockchain social media application.</p>
    <p>The bug is described as resulting from the user interface caching information before the transactions are created, which falls out of sync with the blockchain in the intervening time. This is generally <a rel="noopener noreferrer nofollow" title="caused" href="https://thebittimes.com/tag/caused.html">caused</a> by another user trading ‘keys’ for the same account.</p>
    <p>This error was most likely to occur when keys were being frequently traded. E.Laszlo highlighted one particular launch that saw <a rel="noopener noreferrer nofollow" title="traders" href="https://thebittimes.com/tag/traders.html">traders</a> spending in excess of 2.44 ether to obtain the ‘keys.’</p>
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       <p lang="en" dir="ltr">A thread explaining how more than 14k users have sent +187ETH in excess to FriendTech’s SC as a result of incorrect key pricing.<br><br>Check if you have been affected: https://t.co/8RzvNBiAVP<br><br>A joint report (@elaszlo &amp; @h0wlu) submitted to @friendtech and classified as out of scope.</p>— E.Laszlo (@ELaszlo_) February 1, 2024
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    <p><em>Read more: Are <a rel="noopener noreferrer nofollow" title="Friend.tech" href="https://thebittimes.com/tag/friend-tech.html">Friend.tech</a> keys securities?</em></p>
    <p>Dune’s <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> of this bug suggests that <a rel="noopener noreferrer nofollow" title="traders" href="https://thebittimes.com/tag/traders.html">traders</a> have, in total, spent an excess of approximately 445 ether. Furthermore, the <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> suggests that they’ve also sent approximately <strong>43,173 transactions through the bugged front end</strong>.&nbsp;</p>
    <p>The analysis also suggests that at least two traders, X users dpats_ and HerroCrypto, have sent over 1 ether in excess payments.&nbsp;</p>
    <p>The researchers claim that they previously submitted a report of this bug to the Friendtech team, who reportedly classified it as ‘out of scope.’</p>
    <p>Friendtech’s shine has faded as many ‘keys’ have fallen and new value flowing in has plummeted.</p>
    <p><em>Got a tip? Send us an email or ProtonMail. For more informed news, follow us on&nbsp;X,&nbsp;</em><em>Instagram</em><em>,&nbsp;</em><em>Bluesky</em><em>, and&nbsp;</em><em>Google News</em><em>, or subscribe to our&nbsp;</em><em>YouTube</em><em>&nbsp;channel.</em>&nbsp;</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/friendtech-bug-caused-traders-to-overpay-for-keys-tbt78637.html">https://thebittimes.com/friendtech-bug-caused-traders-to-overpay-for-keys-tbt78637.html</a></p>

Friendtech bug caused traders to overpay for ‘keys’

TheBitTimes

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