{"id":2101,"date":"2023-10-16T13:30:04","date_gmt":"2023-10-16T13:30:04","guid":{"rendered":"https:\/\/infundpros.com\/markets\/crypto\/trading-to-resume-after-audit\/"},"modified":"2023-10-16T13:30:04","modified_gmt":"2023-10-16T13:30:04","slug":"trading-to-resume-after-audit","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=2101","title":{"rendered":"Trading To Resume After Audit"},"content":{"rendered":"
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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.<\/p>\n

The platform announced on X (formerly Twitter)<\/u><\/a> on Oct 15 that it relaunched services except trading but a new announcement will be made soon concerning trading functionality.<\/p>\n

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\u201cThe 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.\u201d<\/i><\/p>\n<\/blockquote>\n

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.<\/p>\n

\u201cTrading 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.\u201d\u00a0<\/i><\/p>\n

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.<\/p>\n

Moving on from hacks<\/h2>\n

The platform believes it has gotten the support of users following a series of smart contract audits and a refund of all user assets.\u00a0<\/p>\n

On crypto spaces, Stars Arena users celebrate<\/u><\/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.<\/p>\n

The platform announced the hack on Oct 7 that reunited $2.9 million worth of AVAX tokens stolen from the company.<\/p>\n

\u201cWe’re actively checking the issue. DO NOT deposit any funds.\u201d\u00a0<\/i><\/p>\n

The hacker using the FreeFloat exchange service transferred 266,104 AVAX tokens slightly dropping the price of the asset in the process.<\/p>\n

The company disclosed immediately<\/u><\/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.<\/p>\n

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\u201cWe are working on a solution to get everyone\u2019s funds recovered and have the Arena move forward.\u201d\u00a0<\/i><\/p>\n

Promises kept\u00a0<\/h2>\n

Most users have expressed delight with the relaunch as promised hoping for a wider audit to prevent further incidents.\u00a0<\/p>\n

Addressing users after the hack, the platform rolled out several steps it would take<\/u><\/a> to restore users and restart trading, and with the deal with the hacker,\u00a0 things look on track for the project.<\/p>\n

\u201cA 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.”<\/i><\/p>\n

Last week the hacker returned 90% of stolen assets for a 10% bounty, the company revealed on X.\u00a0<\/p>\n

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