Yesterday we told you that on September 8th, devs transferred control of the platform’s smart contracts to Ethereum’s null address, which would reportedly lock the system and halt new feature implementation. It looked like Friend tech was shutting down. Well, the Friendtech team says this is false. They came out today and clarified a few things. They said the recent actions meant that “no future changes can be made to smart contracts deployed on Base which would raise or create new fees.” “Everything you know and use remains the same.” The FRIEND token dumped on the news yesterday, but has started to recover and pumped around 40% on the latest update. Source: Friendtech on X & Beincrypto
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