TechFlow news, 21.co analyst Tom Wan pointed out on X that friend.tech founder Racer has only withdrawn funds from his friendtech account six times. However, as of October 13, he conducted another withdrawal, transferring 53 ETH to the address:
0xb499871281119D0c77D44b517a01DbE38cBb311b.
Notably, whenever this address receives ETH, Racer first bridges it back to Ethereum via Synapse Protocol before depositing it into Coinbase.
To date, he has earned 278 ETH through the friend.tech platform, with total withdrawals amounting to 271 ETH. Notably, 92% of these withdrawals occurred after September 2023.




