The Stars Arena Web3 social media app on Avalanche has lost some of its funds due to a malicious attack, according to social media reports. 

Stars Arena user Lilitch.eth discovered the exploit on Oct. 5 and announced it on X (formerly Twitter), claiming that over $1 million was lost. The Stars Arena team confirmed the attack, calling it a “war” against the app. They said the attack only resulted in approximately $2,000 in losses and that the exploit had been patched.

Similar to Friend.tech, Stars Arena allows users to buy “shares,” tokenized assets issued by content creators. The issuers can grant token owners access to exclusive content or other perks. Avalanche has seen a surge of activity since Stars Arena was launched, with the network’s daily transaction count increasing by over 186% from Oct. 3 to 4.

On Oct. 5, Lilitch.eth declared on X that “1.1 million dollars are being drained right now because of noob devs who couldn’t make a copy of Friend.tech that will work properly. If you hold ANY SHARES in StarsArena you should sell while you still can.” In the post, they showed a screenshot of a smart contract that contained approximately 107,329 AVAX (AVAX), worth over $1 million at the time.

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