2023-10-09
Stars Area a decentralized social
network that run on Avalanche blockchain reported that on October 7, 2023. Star
Arena smart contract was exploited and $3 million worth of AVAX tokens were
drained from the platform’s locked funds. Locked funds now have less than $1.
Star Arena launched in September 2023. Before the exploit happened, Stars Arena had been the second fastest growing social app after friend.tech. On October 6, 2023 Stars Arena had 8.31k unique active users (UAW). While, its
competitor Friend.tech had 12.99k UAW.
Avalanche 24 hours price decreased
3.85% on October 8.
