Stars Arena recovers 90% of exploited funds after onchain negotiations
Stars Arena negotiated with the attacker over the course of four days, eventually recovering 90% of funds in exchange for an agreement not to prosecute. Social media app Stars Arena has recovered approximately 90% of the funds it lost after being exploited, according to an October 11 announcement from the team on X (formerly Twitter). The recovery occurred after four days of on-chain negotiations, blockchain data shows. The attacker was allowed to keep slightly more than 10% of the funds as a “white hat” bounty. UPDATE: We have recovered approximately 90% of the lost funds. We reached an agreement with the individual responsible for the recent security breach. The funds have been returned in exchange for a 10% bounty fee + 1000 AVAX that was lost in a bridge. Total funds lost:… — Stars Arena (@starsarenacom) October 11, 2023 StarsArena is a social media app on Avalanche that allows users to buy “shares” of their favorite content creators in exchange for exclusive content and other ...