$3M passed into AVAX in hack against Avalanche-based SoC Cryptocurrency scrgruppen
Hacks against cryptocurrency projects continue in full force, with the latest victim being the social app based on Avalanche – Stars Arena.
According to initial estimates, the perpetrators stole almost all the money (about $2.9 million in AVAX) from the platform, which later apologized and raised hopes of fully getting users back.
- Launched about a week ago, Stars Arena quickly caught the attention of the community, perhaps due to its many similarities to the Ethereum-based Friend.Tech project. During this time frame, the number of followers of the protocol on X rose to over 25,000.
- During the early hours of Saturday, the team behind Stars Arena announced the exploit on X, explaining that there had been a smart contract breach.
There was a major security breach in the smart contract.
We are actively investigating the issue.
Do not deposit any money.
Stay tuned for updates.
– Stars Arena (@starsarenacom) October 7, 2023
- Although the team did not provide details about the amount stolen, blockchain security vendor PeckShield did Proposal The numbers are close to $3 million in AVAX tokens.
- Devilama data Offers The perpetrators left the project with a total value of about $0.5, meaning they basically took everything.
- The attack comes just days after several X users warned of potential security vulnerabilities in Stars Arena’s smart contract. Interestingly, the founder of Avalanche – Emin Gun Serer – Its importance has been underestimated Warnings.
- The Stars Arena team later posted an update, apologizing for the incident, warning users to stay away from the site, at least for now, due to the ongoing DDoS attack, and saying they were working on a refund solution.
We are deeply sorry for what happened.
Our smart contract has been exploited and funds have been drained. The site is currently under a DDOS attack.
We are working to find a solution that will benefit everyone…
– Stars Arena (@starsarenacom) October 7, 2023
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