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Stars Arena drained of $2.9 million in AVAX tokens, funds in user wallets are safe

Avalanche-based social token platform Stars Arena has been exploited for all the funds locked in its smart contract. The size of the exploit was roughly $2.9 million, according to security analysts PeckShield. The amount of value locked in the project’s smart contract has fallen to $0.47, according to DefiLlama. The vulnerability was caused by a reentrancy issue, PeckShield said, which allowed attackers to sell tickets for much more than they were worth, up to $2,740 each. The app’s users are still able to withdraw tokens they have in their wallets on the app but will not receive any value if they sell tickets.

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