Hack forced FWB token redesign
Q&A with Raihan Anwar and Colby Holliday from Friends with Benefits
The hack forced FWB to stop treating its token like a simple access coin and start treating it like core infrastructure. Once the original Roll based liquidity pool broke and roughly $1.5 million of liquidity vanished, the team rebuilt around a new fixed supply of 1 million FWB Pro, community approved migration, treasury held tokens, and human reviewed membership, which made the token less about pure market trading and more about controlled admission and incentives inside the Discord.
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The immediate problem was not just price volatility, it was broken market plumbing. The exploit liquidated social tokens on open markets, pushed FWB from roughly $50 to $60 to near zero, and showed that outsourced liquidity infrastructure could wipe out both member wealth and community trust overnight.
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FWB responded by migrating to FWB Pro and shrinking supply from 10 million planned tokens to 1 million minted tokens. Holders were restored using a pre hack snapshot and airdrop, while new liquidity providers put up fresh capital so the token could trade again on Uniswap.
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That redesign changed how membership worked in practice. Buying tokens was no longer enough, applicants also went through a human curation layer, and contributors could earn FWB through SourceCred by posting, helping, and building, which reduced the chance that cheap secondary market buyers could flood the community after a crash.
The long term direction is toward tighter coupling between token ownership, contribution, and access. Fixed supply makes FWB more like scarce membership inventory, while smaller gate increments and automated contribution rewards let the community widen access without reopening the inflation and infrastructure risks that the Roll episode exposed.