Inspired by Friend.tech, the team behind Stars Arena , denied the event referred as “coordinated FUD” after they closed a security vulnerability that caused hackers to capture $2000 from the Avalanche-based decentralized social media platform.

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On October 5, the team stated that the vulnerability had been fixed in a post on Twitter. ‘Don’t misunderstand, but we’re in the middle of a war,’ they said.

THE EXPLOIT HAS BEEN FIXED.

BUT DON’T GET THIS WRONG WE ARE AT WAR.

We’re being targeted by malicious actors in the space that want to steal your money.

The little guy is under attack.

You are under attack.

Your right to platform diversity is under attack.

Don’t get it… pic.twitter.com/DmbMdf9cAq

— Stars Arena (@starsarenacom) October 5, 2023

The attack was proven to be economically unviable for the attackers. This attack caused a big increase in Avalanche’s gas fees. This made the gain from the hack much more costly than expected.

As a result, it was claimed that the attackers spent more on gas fees than they earned from this vulnerability.

Ava Labs CEO Emin Gün Sirer posted a Tweet related to the topic. In his tweet, the CEO emphasized that for every $0.04 gained from the vulnerability, hackers spent an average of $0.25.

So much FUD about a Stars Arena exploit that has (1) already been fixed, (2) cost the attacker $0.25 to make $0.04, and (3) the attacker extracted a sum total of only $2,000. Now that it’s over, let’s get back to having fun in the arena.

— Emin Gün Sirer (@el33th4xor) October 5, 2023

Despite the relatively unsuccessful exploitation, members of the crypto community criticized the Stars Arena team.

Finally, it’s worth remembering that the Stars Arena platform is the latest application to join the growing list of social finance platforms like Alpha in the Bitcoin network, Friendzy on Solana, and PostTech on Arbitrum.

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The post Stars Arena Eliminates FUD by Closing Security Vulnerability! appeared first on Coin Engineer.