Friend.tech Takes Base by Storm; Layer 1 Blockchain Terra Says its Website Was Compromised

Vital Ether is on the move and hype builds around social tokenization project, friend tech. You're watching Coin Desk daily. I'm your host, Jen Senai. Bitcoin is trading around $26,000 after crypto markets saw one of the biggest long liquidation events since Fx's collapse. Last week. Alt Tab capital's Michael Silberberg told Coindesk earlier that despite the drop, we still saw net inflows over the past week. As long term investors saw discounted prices as an opportunity to accumulate more Bitcoin ether. Scan data reveals that vital butter and deposited 600 ether which is roughly worth about $1 million to crypto exchange coin base on Monday. The move comes after the second largest Cryptocurrency by market cap saw a 10% decline over the last seven days. It's not clear why the Ethereum co founder transferred Ether to the centralized exchange later, one Blockchain terra is warning users to avoid using its website after being targeted by a fishing attack. Coindesk reports, hackers are using the access to attempt fishing attacks on visitors who are prompted to connect their online or hardware wallets and users on formerly known as Twitter may have found a new web three social app to obsess over social tokenization protocol. Friend Tech is built on base and lets personalities issue shares on its app for access to a closed group chat in the last 24 hours. It's in third place among the top earning protocols and works in the crypto ecosystem. According to DFI Lama, a database created by a urine finance developer also reveals French Tech has searched to more than 100,000 addresses since its August 10th launch. That's a wrap for coindesk daily. Get more updates on coindesk dot com and we'll see you next time.