Security Vulnerability in AVAX-Based Stars Arena: Statement from Emin Gür Sirer!

According to the news of The Block, Avalanche (AVAX) Stars Arena, the social platform established on the network and launched recently, may be facing a security vulnerability.

AVAX based platform Stars Arena While it has continued to be on the agenda of investors since its launch, it has also had a positive impact on the price of AVAX.

However, Stars Arena may be facing a security vulnerability that could result in a loss of $1 million.

At this point, an analyst on X known as ‘lilitch.eth’ said that he found a security vulnerability in Stars Arena’s smart contract, and thanks to this vulnerability, hackers could transfer funds from the platform.

Funds exceeding $1 million are at risk due to this security vulnerability. However, despite this vulnerability, it is thought that the high transaction fees on the Avalanche network will be a deterrent for hackers. Because trying to extract funds from the protocol may not be profitable for hackers.

Stars Arena security vulnerability is being discussed Avalanche CEO Emin Gün Sirer, confirmed this vulnerability and hack. However, Stating that the problem has been resolved, AvAX CEO said:

” There is a lot of FUD regarding a Stars Arena exploit that has already been fixed, where it cost the attacker $0.25 to make $0.04, and the attacker only made $2,000 in total.

“Now that this has been resolved, let’s get back to having fun in the arena.”

What is Stars Arena?

Stars Arena allows users to link their X accounts, making it easy to buy or sell other users’ profile tokens with Avalanche’s native currency, AVAX.

The app automatically creates a wallet for users, allowing them to deposit money into Avax and start using the service.

*This is not investment advice.

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