In the cryptocurrency world, we have been talking about the Stars Arena project lately. It has continued to be on the agenda since its release. On the other hand, since it is an Avalanche-focused project, it also contributes significantly to the AVAX price. However, the project has been the focus of attack since yesterday. In the morning, news of an important hack worth three million dollars came to the fore. Then, AVAX CEO Emin Gün Sirer made statements on the subject. The last statement came from the Stars Arena team. Let’s look at the details.
Durability and recovery: Stars Arena team’s reaction to the latest hack”
Following a recent hack, a move and statement came from the Stars Arena team. Accordingly, they emphasized that they were taking rapid and decisive steps to address the problem and secure their resources. On the other hand, there is also a commitment to security by the team.
Important news: we have secured the resources to close the gap caused by the exploit.
Additionally, 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…
— Stars Arena (@starsarenacom) October 7, 2023
The team emphasizes focusing on Stars Arena above all else. Accordingly, its top priority is the safety and security of its platform and community. To close the gap caused by the exploit, the team successfully secured the necessary resources.
White hat development team
In addition to the resource acquisition, a dedicated white hat development team will join forces with Stars Arena. This expert team will conduct a comprehensive and rapid security review of the platform to identify vulnerabilities and strengthen its defenses.
On the other hand, there is also a full security audit. Stars Arena is fully committed to transparency and accountability. The contract will be reopened following a comprehensive security audit, which will be completed in the near future. More importantly, all funds will be returned in full, ensuring the protection of society’s assets.
There is a bright future ahead of us
Stars Arena remains committed to meeting this challenge. He also notes that the team’s commitment to the security of the community and the integrity of the platform is stronger than ever. The team states that Stars Arena will be operational again in just a few hours. On the other hand, he points out that he will be ready to continue his journey.
The Stars Arena community is preparing to ensure that their trusted platform is dedicated to maintaining the highest standards of security and resilience. While the platform continues its way stronger and safer than ever, the emphasis on unity also draws attention. Now, as cryptokoin.com, we look at what will happen in the coming hours. However, it is a matter of curiosity whether the platform will capture the initial enthusiasm after its launch.
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