A major security breach has occurred in the Avalanche-based social app Stars Arena, resulting in the theft of nearly $2.9 million in AVAX tokens. The attack was announced by the team behind Stars Arena on Saturday, and was estimated by blockchain security resource PeckShield to be close to $3 million in AVAX tokens. DeFiLlama data shows that the perpetrators left the project with about $0.5 in total value locked, meaning that they had taken essentially all of the funds.The attack comes just a few days after several users warned about potential security vulnerabilities in Stars Arena’s smart contract. The team behind Stars Arena has apologized for the incident and is working on finding a solution to recover the funds. They have warned users to stay away from the site due to an ongoing DDoS attack.

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Information	Details
Geography	Global
Countries
Sentiment	negative
Relevance Score	8
People	DeFiLlama, PeckShield, Emin Gün Sirer
Companies	Stars Arena, PeckShield, DeFiLlama, Avalanche, X
Currencies	peckshield, Stargaze, Avalanche, Ethereum, Bitcoin
Securities	None