BREAKING NEWS IT WAS ANNOUNCED THAT AVAX WAS HACKED AND ITS FUNDS WERE STOLEN.
tars Arena was cyber-attacked. Following the attack, approximately $3 million worth of AVAX was stolen from the project pool.
Avalanche-based social token platform Stars Arena was exploited for all funds locked in its smart contract. According to PeckShield, the size of the exploit is approximately $2.9 million. Stars Arena, which operates on the Avalanche network, was attacked. Nearly $3 million in AVAX funds were stolen from the platform. Following the news of the hack, the AVAX price dropped. What will the token price be? Are the funds safe?
SocialFi project Stars Arena announced that all funds locked in its smart contract were hacked. It was announced that the users' tickets became dysfunctional in the application where 2.9 million dollars of AVAX funds were stolen. Additionally, user funds are currently safe. According to DefiLlama, after the hack, the amount of value locked in the project's smart contract dropped to $0.47. Stars Arena made a statement about the hack on social media platform X:
“We are very sorry for what happened. Our smart contract was exploited and funds were drained. The site is currently under a DDOS attack. We are working on a solution that will get everyone's money back and Arena moving forward. We will keep you informed of the developments. Thank you all for your continued support as we navigate this difficult situation.”
PeckShield said the vulnerability was caused by a re-entry issue that allowed attackers to sell tickets for much higher prices than they were worth, up to $2,740 each. Users of the application will be able to withdraw the tokens in their wallets through the application. However, they will not receive any value if they sell tickets that represent access to other people's chat groups they own. After nearly $3 million of AVAX funds were stolen from the platform, the AVAX price dropped from $11.88 to $10.50. Finally, at press time, it is trading with a slight increase at $10.77.
#BitcoinDunyamiz
tars Arena was cyber-attacked. Following the attack, approximately $3 million worth of AVAX was stolen from the project pool.
Avalanche-based social token platform Stars Arena was exploited for all funds locked in its smart contract. According to PeckShield, the size of the exploit is approximately $2.9 million. Stars Arena, which operates on the Avalanche network, was attacked. Nearly $3 million in AVAX funds were stolen from the platform. Following the news of the hack, the AVAX price dropped. What will the token price be? Are the funds safe?
SocialFi project Stars Arena announced that all funds locked in its smart contract were hacked. It was announced that the users' tickets became dysfunctional in the application where 2.9 million dollars of AVAX funds were stolen. Additionally, user funds are currently safe. According to DefiLlama, after the hack, the amount of value locked in the project's smart contract dropped to $0.47. Stars Arena made a statement about the hack on social media platform X:
“We are very sorry for what happened. Our smart contract was exploited and funds were drained. The site is currently under a DDOS attack. We are working on a solution that will get everyone's money back and Arena moving forward. We will keep you informed of the developments. Thank you all for your continued support as we navigate this difficult situation.”
PeckShield said the vulnerability was caused by a re-entry issue that allowed attackers to sell tickets for much higher prices than they were worth, up to $2,740 each. Users of the application will be able to withdraw the tokens in their wallets through the application. However, they will not receive any value if they sell tickets that represent access to other people's chat groups they own. After nearly $3 million of AVAX funds were stolen from the platform, the AVAX price dropped from $11.88 to $10.50. Finally, at press time, it is trading with a slight increase at $10.77.
#BitcoinDunyamiz
