Stars Arena Recovers $2.2M Of Stolen Assets
Exploiter Returns 239,493 AVAX In Exchange For $250,000 Bounty
By: The Defiant Team • Loading...
DeFiStars Arena, a SocialFi platform operating on the Avalanche blockchain, has successfully recovered approximately 90% of the funds lost in a smart contract exploit.
According to the official X account, an agreement was reached with the attacker responsible for the breach.
![Tweet screenshot](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F82d1753a1121f070c7899677348a2c693aa57212-587x420.jpg&w=828&q=100)
The recovery process was not without its conditions, as the exploiter demanded a 10% bounty (around $250K at current prices) in exchange for returning the lost funds.
![Avalanche-Based App Stars Arena Loses $3M in Smart Contract Exploit](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F55746d5aaca38a8e93765abef8971e859bec51f6-880x495.jpg&w=828&q=75)
Avalanche-Based App Stars Arena Loses $3M in Smart Contract Exploit
A smart contract exploit, combined with a DDoS attack resulted in total value locked (TVL) dropping to zero from nearly $1.3 million.
![The Defiant](/_next/image?url=%2Ffavicon.png&w=64&q=75)
Stars Arena had gained considerable momentum in the SocialFi space before the exploit on Oct. 7, with TVL peaking just under $3M, according to DeFiLlama.
![Stars Arena TVL chart](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F41051cec89ad8da7d9b12913ed7a4d192a469550-1014x299.jpg&w=828&q=100)
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