Stars Arena, a SocialFi platform operating on the Avalanche blockchain, has successfully recovered approximately 90% of the funds lost in a smart contract exploit.<\/p>\n
According to the official X account, an agreement was reached with the attacker responsible for the breach.<\/p>\n
<\/p>\n <\/a><\/p>\n 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.<\/p>\n <\/a><\/p>\n A smart contract exploit, combined with a DDoS attack resulted in total value locked (TVL) dropping to zero from nearly $1.3 million.<\/p>\n<\/div>\n 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.<\/p>\n Stars 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. The recovery process was not without its conditions, as the exploiter demanded a 10% […]<\/p>\n","protected":false},"author":2,"featured_media":174756,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-174755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/174755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=174755"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/174755\/revisions"}],"predecessor-version":[{"id":174762,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/174755\/revisions\/174762"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/174756"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=174755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=174755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=174755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Avalanche-Based](\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F55746d5aaca38a8e93765abef8971e859bec51f6-880x495.jpg&w=828&q=75\")
<\/a><\/p>\nAvalanche-Based App Stars Arena Loses $3M in Smart Contract Exploit<\/h3>\n
![\"Stars](\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F41051cec89ad8da7d9b12913ed7a4d192a469550-1014x299.jpg&w=828&q=75\")