DJ 3LAU causes a stir after opting out of Friend.tech over regulatory risks
3LAU noted that there risks were necessarily high, but that he has a “responsibility” to avoid any regulatory gray areas. Popular DJ and crypto investor 3LAU (Justin Blau) has caused a stir in the crypto community after suddenly opting out of decentralized social media platform Friend.tech. Explaining the decision, the DJ highlighted concerns over the regulatory risks that the platform may pose. In a Sept. 15 X (Twitter) thread, 3LAU revealed that he stepped away from Friend.tech after “understanding more of the risks .” “I think it’s an awesome product, but a bit too risky for me (unfortunately). I will be donating the 8-ish ETH to a music-specific charity that I’m passionate about called the Paid In Full Foundation.” Because people will ask… Just off-boarded https://t.co/ekERrR7Af3 after understanding more of the risks. I think it’s an awesome product, but a bit too risky for me (unfortunately). I will be donating the 8 ish ETH to a music-specific charity that I’m passionate abo...