Web3-based social media platform, Stars Arena, has made a significant recovery of the crypto assets lost during a security breach on October 7, 2023. As per the update shared on October 11, 2023, via a tweet, the platform successfully reclaimed approximately 90% of the stolen funds. The total amount stolen was 266,104 Avalanche (AVAX) tokens, which, at the time, had a market value of around $3 million, as reported by Blockchain.News. The recovery came after the platform reached a settlement with the individual responsible for the exploit. The compromised funds were returned, excluding a 10% bounty fee given to the exploiter, which amounted to 26,610 AVAX, plus an additional 1,000 AVAX that was apparently lost in a bridge during the exploit, totaling a 27,610 AVAX bounty.
Stars Arena received back a sum of 239,493 AVAX, processed in two separate transactions, each comprising 119,246 AVAX. The bounty, valued at nearly $257,000 at the…
