Stars Arena, an Avalanche-based dupe of the popular Friend.Tech project, suffered a serious exploit in which an attacker drained tokens priced at around $3 million.Avalanche co-founder and CEO Emin Gün Sirer drew widespread mockery when announcing that “the amount lost is only $3m”, apparently not perceiving that $3 million is a massive sum to most people. He also didn’t mention that it constituted almost the entire total TVL of the Stars Arena project, which was left with less than $1 in tokens following the attack.Stars Arena was fortunate, in that the hacker ultimately contacted them offering to make a deal. The attacker returned 90% of the funds, keeping $300,000 as a “bounty”.

Total loss estimated at $300,000.