The exploiter of the Web3 social media platform agreed to keep a 10% bounty in exchange for returning the remainder of the stolen funds. Web3 social media platform Stars Arena says it has recovered nearly all of the crypto stolen from an Oct. 7 exploit — minus a 10% bounty to the person responsible. In…
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The 2FA security measure is optional for Friend.tech users seeking additional security on the platform. The team behind the decentralized social media platform Friend.tech has added a new security feature amid attempts to stem a flood of SIM-swap attacks targeting its users. “You can now add a 2FA password to your Friend.tech account for additional protection…
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The development team behind friend.tech has amassed nearly $20 million in revenue since its launch in August. According to data from DeFiLlama, friend.tech currently holds the position of the largest revenue-generating application on Base and the second-largest across the entire crypto space. At its current pace, the platform is projected to generate an annualized revenue of…
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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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The crypto winter that began in 2022 yet to end, according to the latest figures on venture capital (VC) funding for crypto firms presented by data analytics firm FundStrat. In a new presentation, FundStrat noted that VC funding for crypto firms contracted for a sixth successive quarter to $1.4 billion in Q3 2023, while the…
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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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As per DeFi Llama data, Solana’s TVL has decreased by 9.64% over the past month to sit at $358.96 million, while Base’s TVL has surged to $397.32 million. The total value locked (TVL) on Coinbase’s layer 2 network Base has surged to $397.32 million in roughly a month and a half since launching in August.…
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3LAU noted that the risks were high and that he has a “responsibility” to avoid regulatory gray areas. Popular DJ and crypto investor Justin Blau, better known by his stage name 3LAU, has caused a stir in the crypto community after suddenly opting out of the decentralized social media platform Friend.tech. Explaining the decision, the DJ…
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User activity on friend.tech has witnessed a major resurgence after briefly fizzling last week. Decentralized social media platform friend.tech has seen a sudden surge in total value locked (TVL), doubling to reach more than $20 million within the last four days. Only two weeks ago, critics declared the platform “dead” after activity on the app…
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