Stars Arena, an Avalanche-based dupe of the popular Friend.Tech project, suffered a serious exploit in which an attacker drained tokens priced at around $3&nbsp;million.<p>Avalanche co-founder and CEO Emin Gün Sirer drew widespread mockery when announcing that "the amount lost is only $3m", apparently not perceiving that $3&nbsp;million is a massive sum to most people. He also didn't mention that it constituted almost the entire total <button class="define-target" id="tvl">TVL</button> of the Stars Arena project, which was left with less than $1 in tokens following the attack.</p><p>Stars Arena was fortunate, in that the hacker ultimately contacted them offering to make a deal. The attacker returned 90% of the funds, keeping $300,000 as a "<button class="define-target" id="bug-bounty">bounty</button>".</p>

"Avalanche Social App Stars Arena Drained of $3M in AVAX After Hack"

Archived tweet

Tweet thread by Emin Gün Sirer:

Tweet #3

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