Crypto:
29881
Bitcoin:
$68.504
% 0.79
BTC Dominance:
%52.7
% 0.31
Market Cap:
$2.57 T
% 0.03
Fear & Greed:
75 / 100
Bitcoin:
$ 68.504
BTC Dominance:
% 52.7
Market Cap:
$2.57 T

Stars Arena Eliminates FUD by Closing Security Vulnerability!

Stars Arena

A few days ago, a significant hype created by the SocialFi application Stars Arena had a security vulnerability. This error allowed hackers to capture $2000. The security vulnerability was immediately closed by the team.

Inspired by Friend.tech, the team behind Stars Arena , denied the event referred as “coordinated FUD” after they closed a security vulnerability that caused hackers to capture $2000 from the Avalanche-based decentralized social media platform.

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On October 5, the team stated that the vulnerability had been fixed in a post on Twitter. ‘Don’t misunderstand, but we’re in the middle of a war,’ they said.

The attack was proven to be economically unviable for the attackers. This attack caused a big increase in Avalanche’s gas fees. This made the gain from the hack much more costly than expected.

As a result, it was claimed that the attackers spent more on gas fees than they earned from this vulnerability.

Ava Labs CEO Emin Gün Sirer posted a Tweet related to the topic. In his tweet, the CEO emphasized that for every $0.04 gained from the vulnerability, hackers spent an average of $0.25.

 

Despite the relatively unsuccessful exploitation, members of the crypto community criticized the Stars Arena team.

Finally, it’s worth remembering that the Stars Arena platform is the latest application to join the growing list of social finance platforms like Alpha in the Bitcoin network, Friendzy on Solana, and PostTech on Arbitrum.


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