Partner with us

News Explorer — Friend.tech Renames Its Token—But Is It Even Legal?

Generated by AI, curated by humans

Aug 22, 1:32 am

Decrypt

Friend.tech Renames Its Token—But Is It Even Legal?

Friend.tech, a social token platform, has experienced a surge in popularity, attracting celebrities and raising concerns of it being a Ponzi scheme. The platform recently changed the name of its core asset from Shares to Keys, possibly to avoid scrutiny from the SEC. While the tokens on Friend.tech may not be considered securities, how they are marketed and distributed could potentially make them fall under securities regulations.

Friend.tech, a social token platform, has experienced a surge in popularity, attracting celebrities and raising concerns of it being a Ponzi scheme. The platform recently changed the name of its core asset from Shares to Keys, possibly to avoid scrutiny from the SEC. While the tokens on Friend.tech may not be considered securities, how they are marketed and distributed could potentially make them fall under securities regulations.

Latest

Apr 15, 2:38 pm

Fortune

Licensed President Trump Crypto Game in the Works: Report

Trump has a history of Monopoly-related ventures, including a failed reality TV show and a new Trump-branded crypto game... Read Summary

Apr 15, 1:23 pm

Decrypt

Man Jailed for 8 Years Over Bitcoin-Funded Phishing Service

Zak Coyne, the creator of LabHost, a phishing service, has been sentenced to eight-and-a-half years in prison for design... Read Summary

Apr 15, 11:41 am

Decrypt

KiloEX Halts Operations After $7.5 Million Attack Linked to Oracle Exploit

KiloEX, a DEX built on BNB Chain, opBNB, and Manta Network, suspended operations due to a $7.5 million attack attributed... Read Summary

Apr 15, 10:51 am

DL News

Arbitrum Aims to Overhaul Ethereum Layer-2 Network's Governance

The Arbitrum Foundation proposed giving itself and other entities soft veto power over proposals in the Arbitrum DAO to... Read Summary

Apr 15, 10:30 am

Decrypt

DHS Tells HashFlare Co-Founders to Leave US Despite Court Order

Sergei Potapenko and Ivan Turõgin, co-founders of HashFlare, have been ordered by the DHS to leave the U.S. immediately,... Read Summary

Apr 15, 8:55 am

Coindesk

Binance, KuCoin Temporarily Suspend Withdrawals Due to AWS Issues

Withdrawals on Binance and KuCoin were temporarily suspended due to reported issues with their data center provider, Ama... Read Summary

Apr 15, 7:00 am

Coindesk

KiloEx DEX Hit by $7 Million Oracle Manipulation Hack

KiloEx, a DEX for perpetual futures trading, suffered a $7 million attack due to a vulnerability in its price oracle sys... Read Summary

Apr 15, 7:16 am

Decrypt

Trump Admin May Use Tariffs to Finance US Bitcoin Reserve: Bo Hines

The Trump administration's tariffs could potentially fund the U.S. Strategic Bitcoin Reserve without taxpayer money. Bo... Read Summary

Apr 15, 6:11 am

Decrypt

Another Swedish Lawmaker Proposes National Bitcoin Reserve

Swedish lawmakers are considering accumulating Bitcoin through confiscated assets, following a trend seen in other count... Read Summary

Apr 15, 4:56 am

Decrypt

Canada Approves 'World First' Solana ETFs With Staking

Canada is set to launch spot Solana exchange-traded funds (ETFs) with staking capabilities, approved by the Ontario Secu... Read Summary

Apr 15, 3:10 am

Decrypt

South Korea's Financial Regulator Removes 14 Crypto Exchange Apps From Google, Apple Stores

Fourteen crypto exchange apps have been removed from Apple's App Store and 17 from Google Play by South Korea's top fina... Read Summary

Apr 15, 2:25 am

Decrypt

Lawsuit Alleges Phantom's Security Flaws Allowed Theft of $500,000 in Meme Coins

Phantom Technologies faces a lawsuit alleging security flaws in its crypto wallet led to the theft of over $500,000 in W... Read Summary

Apr 14, 9:53 pm

Decrypt

OpenAI's GPT-4.1 Trio Offers Enhanced AI Capabilities, Including a Cost-Effective Nano Variant at 12 Cents

OpenAI introduced GPT-4.1, a trio of new AI models with context windows up to one million tokens, targeting developers.... Read Summary

Apr 14, 11:38 pm

Decrypt

Google's DolphinGemma Aims to Decode Dolphin Communication and Determine Language-like Qualities

Google unveiled DolphinGemma, an AI model to decode dolphin communication by analyzing their vocalizations. The model, c... Read Summary

Apr 15, 1:47 am

Decrypt

UC San Diego Study Reveals ChatGPT-4.5 Excels in Turing Test, Surpasses Most Models

OpenAI's ChatGPT-4.5 has impressed in a Turing Test-style evaluation, fooling most participants into thinking it was hum... Read Summary