Stars Arena, a decentralized social media platform based on Avalanche, recently patched an exploit that saw attackers escape with $2,000. In response, the Stars Arena team dismissed what it called “coordinated FUD” and declared that they were “at war” with malicious actors.The exploit was caused by a vulnerability in the platform’s price function, which allowed attackers to sell zero user “tickets” in exchange for Avalanche AVAX tokens. However, the attack vector was economically unfeasible for the attackers, as the gas fees on Avalanche made extracting the earnings from the hack far more expensive than anticipated.Despite the unsuccessful exploit, the crypto community was quick to criticize the Stars Arena team. A pseudonymous founder and developer of Delegate known as “foobar” slammed the platform claiming it botched its friend.tech fork and told Stars Arena to “delete your account and product, clownshow.”Stars Arena is the latest app to join a growing roster of social finance platforms such as Alpha on the Bitcoin network, Friendzy on Solana and PostTech on Arbitrum. However, friend.tech remains the market leader with more than $293 million in monthly trading volume.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Global
Countries
Sentiment	negative
Relevance Score	8
People	foobar, Emin Gün Sirer, 0xlilitch,
Companies	Stars Arena, Ava Labs, Avalanche, Chainalysis, Delegate, Friendzy, PostTech
Currencies	Avalanche, Bitcoin, Ethereum, Stargaze
Securities	None