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Stars Arena Recovers 90% of Funds Lost in Exploit After On-Chain Negotiations

According to a recent announcement from the team on X , social media app Stars Arena has recovered around 90% of the funds it lost after being exploited. The recovery was achieved through four days of on-chain negotiations, as shown by blockchain data. The attacker was allowed to keep slightly more than 10% of the funds as a "white hat" bounty. The app was exploited on October 5, with the developers claiming that only around $2,000 worth of crypto was lost, while a user claimed over $1 million was lost. The exploited smart contract was upgradeable, and the team patched the exploit and relaunched with new code on the day of the attack.

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