On-chain social platform, Star Arena has announced a recovery of assets drained from its platform over the weekend following an agreement with the hacker. In a post on X (formerly Twitter), the platform disclosed that 90% of user assets have been recovered while the hacker was offered a 10% bounty. The agreement means the company…
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Stars Arena, a social platform supported by Avalanche’s Contract Chain, has fallen victim to a significant security breach. In a Saturday tweet, the official Stars Arena Twitter account issued a warning confirming that the platform’s smart contract had been attacked. The team urged users not to deposit any funds while the issue was being investigated…. Read…
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Stars Arena was hacked for roughly $3 million worth of AVAX tokens, with the hacker reportedly sending the funds to the Fixed Float crypto exchange. Avalanche-based Web3 social media app Stars Arena announced that it has secured the funding to cover the $3 million hole left by an exploit on Oct. 6. The team also…
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Stars Arena, a decentralized social media platform built on the Avalanche network, has suffered a major security breach, resulting in the loss of a significant amount of cryptocurrency. This comes barely a day after the decentralized application (dApp) reportedly fixed a loophole in its smart contract. On Thursday, October 5, the Stars Arena team said…
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AVAX, the native token that powers high throughput layer-1 blockchain protocol Avalanche, has pumped another 5.5% on Friday, takings its gain on the week to close to 10%, as the launch of a new SocialFi (web3 social media platform) called Stars Arena on its blockchain generates hype. As per CoinGecko, AVAX is up close to…
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Avalanche rose to a six-week high on Friday, after the token climbed above a key resistance level. The move saw price rise by as much as 7%, despite the global crypto market cap mostly in the red in today’s session. Toncoin remained higher, following recent gains. Avalanche (AVAX) Avalanche (AVAX) was a big mover on…
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Stars Arena announced that attackers were draining funds through a loophole, but the contract has been patched to prevent further damage. The Stars Arena Web3 social media app on Avalanche has lost some of its funds due to a malicious attack, according to social media reports. Stars Arena user Lilitch.eth discovered the exploit on Oct.…
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Federal judge Analisa Torres rejected a motion filed by the Securities and Exchange Commission (SEC) seeking to appeal its loss against Ripple Labs on October 3. Judge Torres ruled that the SEC failed to demonstrate that the case involved controlling legal questions or substantial differences of opinion that warranted an appeal at this stage. As…
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Ava Labs, the developer of Avalanche, the high throughput platform for deploying decentralized applications (dapps) and custom chains, has released Firewood, an update the team said is a “multi-year effort that,” on the eventual rollout, will make blockchain data storage more efficient. Specifically, Ava Labs said Firewood resolves a big concern for expanding blockchains: data management. …
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Hong Kong-based cryptocurrency exchange Hashkey will now support trading the Avalanche (AVAX) token on its platform. However, traders must meet an interesting requirement before interacting with this cryptocurrency on the exchange. Traders Must Meet $1 Million Portfolio Requirement: SFC On Wednesday, September 27, Hashkey announced the listing of the AVAX token on its platform, with…
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