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Stars Arena Open for Use! Stars Arena, a web3 social finance application based on Avalanche, reopened on Sunday following an attack on October 7. However, the platform currently has suspended its trading functionality.
According to the announcement, “The Arena will reopen on Sunday with trading functionality suspended. A separate announcement will be made about the resumption of trading shortly after restarting.”
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Stars Arena managed to recover approximately 90% of the funds frozen as a result of the attack. The team confirmed that the recovery was the result of negotiations with the person responsible for the attack. It was stated that the attacker returned 239,493 AVAX in exchange for a 10% reward.
However, the platform has currently suspended its trading functionality until it undergoes a full audit process. The Stars Arena team stated, “Trading will only continue after the full audit is published and the contract is made open source for community review.”
Stars Arena is a chain-level social finance application built on the Avalanche blockchain. The platform offers users the ability to buy tokens and access chat rooms. The application, operating as a forked iteration of FriendTech, is attracting wide interest from the crypto community.
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