Avalanche-based Star Arena Recovers 90% of Hacked Funds, Offers 10% Bounty On-chain social platform,
Star Arena has announced a recovery of assets drained from its platform over the weekend following an agreement with the hacker. In a post on X (formerly Twitter), the platform disclosed
that 90% of user assets have been recovered while the hacker was offered a 10% bounty.
The agreement means the company
recovered 90% of 266,000 Avalanche (AVAX) tokens worth nearly $3 million while the hacker was offered 27,610 AVAX tokens approximately
$257,000.
“We have recovered approximately 90% of the lost funds. We reached an agreement with the individual responsible for the recent security breach.”
Per the agreement,
the hacker would also be compensated about 1000 AVAX lost in a bridge with the platform adding in a separate post that it has written a new smart contract to ensure security
before placing recovered funds, making a subsequent rollout.
