🚨Hack Alert: Avalanche-based social app Stars Arena hit, nearly $3M in AVAX stolen! 😱

- Stars Arena launched just a week ago, already had 25k+ followers on X

- Smart contract breach led to massive loss; only $0.5 left in total value locked

- Warnings about security vulnerabilities were downplayed by Avalanche's founder

🙏Stars Arena team apologizes, working on a solution to recover funds

- Site currently under DDoS attack; users advised to stay away for now

What do you think about this latest hack? Share your thoughts in the comments! 💬