<![CDATA[<figure class="image"><img src="https://cimg.co/news/126431/333865/f8gzq4vxaaapgnu.jpg" srcset="https://cimg.co/news/126431/333865/responsive-images/f8gzq4vxaaapgnu___media_library_original_680_680.jpg 680w, https://cimg.co/news/126431/333865/responsive-images/f8gzq4vxaaapgnu___media_library_original_600_600.jpg 600w, https://cimg.co/news/126431/333865/responsive-images/f8gzq4vxaaapgnu___media_library_original_300_300.jpg 300w" width="680" class="content-img" alt=""></figure>Avalanche-based Stars Arena has relaunched its application following a hack and 10% bounty offer that led to the bad actor returning 90% of stolen assets.The platform <a href="https://twitter.com/starsarenacom/status/1712855614718648353?s=46&amp;t=sCvh3f3rMDfXyJcf1y1Eyg">announced on X (formerly Twitter)</a> on Oct 15 that it relaunched services except trading but a new announcement will be made soon concerning trading functionality.<blockquote>&ldquo;The Arena will re-open on Sunday with a pause on trading functionality. There will be a separate announcement on trading being resumed, shortly after the relaunch.&rdquo;</blockquote>Per the post, trading will commence after a full audit is carried out on the smart contract to prevent further loss of funds as it has previously faced two incidents resulting in loss of assets.&ldquo;Trading will only resume once the full audit has been published and the contract has been open-sourced for community review. We would like to thank everyone at @0xPaladinSec for working over the weekend to get this finished in the shortest possible time.&rdquo;&nbsp;The call on the community and other developers to audit the code comes after users expressed fears of a similar incident since the platform announced previous hacks.<h2 id="moving-on-from-hacks">Moving on from hacks</h2>The platform believes it has gotten the support of users following a series of smart contract audits and a refund of all user assets.&nbsp;On crypto spaces, Stars Arena users <a href="https://twitter.com/cryptokaleo/status/1712856695532056793?s=46&amp;t=sCvh3f3rMDfXyJcf1y1Eyg">celebrate</a> the relaunch, still stressing a focus on security while citing diversity and the need for competition as reasons why the platform needs to expand.The platform announced the hack on Oct 7 that reunited $2.9 million worth of AVAX tokens stolen from the company.&ldquo;We're actively checking the issue. DO NOT deposit any funds.&rdquo;&nbsp;The hacker using the FreeFloat exchange service transferred 266,104 AVAX tokens slightly dropping the price of the asset in the process.The company <a href="https://twitter.com/starsarenacom/status/1709934535570608172?s=46&amp;t=sCvh3f3rMDfXyJcf1y1Eyg">disclosed immediately</a> after the incident that they were at war with hackers on a mission to steal user assets because of their fear of diversity and love for monopoly.<figure class="media"><oembed url="https://twitter.com/starsarenacom/status/1709934535570608172?s=46&amp;t=sCvh3f3rMDfXyJcf1y1Eyg"></oembed></figure>&ldquo;We are working on a solution to get everyone&rsquo;s funds recovered and have the Arena move forward.&rdquo;&nbsp;<h2 id="promises-kept">Promises kept&nbsp;</h2>Most users have expressed delight with the relaunch as promised hoping for a wider audit to prevent further incidents.&nbsp;Addressing users after the hack, the platform rolled out <a href="https://twitter.com/starsarenacom/status/1710701606407131207?s=46&amp;t=sCvh3f3rMDfXyJcf1y1Eyg">several steps it would take</a> to restore users and restart trading, and with the deal with the hacker,&nbsp; things look on track for the project.&ldquo;A special white hat development team is coming in to rapidly review the security of the platform. We will re-open the contract with all the funds in full after a full security audit. This will happen very soon."Last week the hacker returned 90% of stolen assets for a 10% bounty, the company revealed on X.&nbsp;<figure class="media"><oembed url="https://twitter.com/cryptonews/status/1712394311457792372?s=46&amp;t=sCvh3f3rMDfXyJcf1y1Eyg"></oembed></figure>
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Web3 Social Platform Stars Arena Relaunches: Trading To Resume After Audit

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