Avalanche-based Stars Arena Relaunches After Hack and Asset Recovery
Stars Arena, a platform built on the Avalanche blockchain, has relaunched its services following a recent hack. The hacker returned 90% of the stolen assets after the platform offered a 10% bounty. The relaunch announcement was made on Twitter on October 15th, with trading functionality to be resumed soon after a full audit of the smart contract.
Trading Paused for Audit
In order to prevent further loss of funds, Stars Arena has decided to pause trading until a comprehensive audit of the smart contract is completed. The platform aims to ensure the security and integrity of its services before allowing trading to resume. They have called on the community and other developers to review and audit the code as well.
Moving Forward from Hacks
Stars Arena believes it has gained the support of its users through previous smart contract audits and the refunding of all user assets. Users celebrated the platform’s relaunch, emphasizing the importance of security while also advocating for diversity and competition in the crypto space.
Promises Kept
Following the hack, Stars Arena outlined several steps it would take to restore users’ trust and restart trading. With the recent recovery of 90% of stolen assets, things seem to be back on track for the project. The platform plans to bring in a white hat development team to conduct a thorough security review before reopening trading with all funds intact.
Hot Take: Stars Arena Rebounds Stronger After Hack
The relaunch of Stars Arena after the hack demonstrates the platform’s commitment to its users’ security and asset protection. By offering a bounty for the return of stolen assets and conducting thorough audits, they have shown their dedication to addressing vulnerabilities and preventing future incidents. The support and celebration from users further reinforce the platform’s resilience. Stars Arena’s focus on security, diversity, and competition positions it as a strong contender in the crypto space.
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