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Shashoua also said credit card companies had refused to process transactions for the company's Internet businesses.On November 13, 2016, it was reported that a database of over 412 million accounts, including usernames, e-mails, and passwords, had been breached and leaked from several Friend Finder Networks websites.“I have had so many people ask me to buy the db [database] today,” the hacker wrote on the same forum where the original leak appeared, asking for payment in the anonymised currency Bitcoin.“Or if you need I will break into any company or site for 750 in under seven days,” the writer adds.The data gave not only usernames, postal codes and dates of birth, but also an indication of which users were seeking an extra-marital affair.
“Friend Finder employees receive hundreds of sales and marketing spam messages daily, including many from third party cyber security consultants, and any earlier communication on this specific issue was directed to junk mail folders and not considered a legitimate email,” the company said in a statement.
After discovering that users had been using the service to seek sexual partners, he launched Adult Friend Finder as a spin-off, followed later by other spin-offs dealing with different regions and niches.
Much of the company's growth without investment capital has been attributed to its affiliate program, with more than 500,000 affiliates to date.
The website focuses on providing an avenue for its members to find casual hookups, so this might not be the best site to find a romantic relationship or something alike.
However, the adult site fell in disgrace over the years for having lots of fake members and data hacking.
As of January 17, 2010, Friend Finder Networks had a negative net worth equal to 8 million, million in cash on hand and 0 million in liabilities.