Web3 social media platform Stars Arena has announced that it has recovered almost all of the cryptocurrency that was stolen in a recent exploit. The platform was able to retrieve around 90% of the 266,000 Avalanche AVAX tokens, which were worth approximately $3 million at the time of the theft. In order to secure the return of the funds, Stars Arena agreed to pay a 10% bounty fee to the individual responsible for the breach, along with compensation for 1,000 AVAX that was lost in a bridge. The total amount lost in the exploit has not been disclosed. Stars Arena has also taken steps to prevent future breaches, including writing a new smart contract and conducting a security audit. The platform had previously experienced a smaller exploit on October 5, which resulted in the theft of around $2,000. Stars Arena has since patched the vulnerability that allowed the exploit to occur.

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Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	0
People	None
Companies	Twitter, Avalanche, Stars Arena, Friend.tech, AXAX
Currencies	Avalanche
Securities	None