Stars Arena recovers funds from the hacker with controversial WhiteHat deal

     Avalanche-based SocialFi Stars Arena has reached a settlement with the hacker who drained AVAX worth $3 million from the platform on October 7.

Hacker returns assets

     On October 8, Stars Arena set up a special white-hat development team to find a solution. It seems that the platform had reached an agreement with the hacker, which is why it was ready to make a deal, and it also moved its assets to a multisignature wallet.

The Whitehat Bounty

     The hacker got 10% of the stolen money as bounty fees, and Stars Arena got 90% of its assets back, excluding the additional 1000 AVAX that were considered lost in Bridge. People are now making satires and speculations on this incident.

Insider's Job

     Just a while ago, HTX hacking drama alerted the crypto world; now this is one of the most discussed things that the platform itself played hacking drama to move a part of the funds. This way, they can stop trackers from tracking such addresses and stolen funds.

 Brought to you by Yugocean, originally posted here