The SocialFi platform suffered a security breach that resulted in the loss of funds locked in its smart contract. Due to a security hole in the re-linking process, attackers were able to sell platform tickets at inflated prices. The exploit comprised 266,104 $AVAX valued at $2.9 million.
Through successful negotiation with the hacker, Stars Arena was able to recover approximately 90% of the missing funds. The hacker returned 239,493 AVAX in two transactions.
He received a bounty of 27,610 AVAX.