The Stars Arena cryptocurrency project, based on Avalanche, became a victim of hackers who stole almost all of the platform’s funds (about $2.9 million in AVAX). 😱 Stars Arena apologized to users and promises to compensate for the damage. This comes just a week after the launch of the platform, which quickly attracted the attention of the community due to its similarities with the Ethereum-based Friend.Tech project.
The Stars Arena team announced the attack without specifying the amount of funds stolen, however, according to PeckShield, we are talking about almost $3 million in AVAX.🔍 The attack occurred shortly after some users warned of possible vulnerabilities in the Stars Arena smart contract. The platform team apologized for the incident and warned users to bypass the site due to the ongoing DDoS attack, adding that they are working on a solution to recover funds.
The Stars Arena team announced the attack without specifying the amount of funds stolen, however, according to PeckShield, we are talking about almost $3 million in AVAX.🔍 The attack occurred shortly after some users warned of possible vulnerabilities in the Stars Arena smart contract. The platform team apologized for the incident and warned users to bypass the site due to the ongoing DDoS attack, adding that they are working on a solution to recover funds.