Stars Arena App Drained of $3M in AVAX After Exploit Just Days After Launch
- Avalanche-based social app Stars Arena drained of $3M in AVAX after exploit
- Attackers exploited smart contract securing tokens, leaving Stars Arena with just $1
- App launched a week ago, gained cult following and helped boost AVAX price
- Came despite Ava Labs employees hyping app on X, including founder Emin Gün Sirer
- Incident follows $1.3B lost to crypto exploits and hacks in 2023 alone
