PANews reported on October 7 that on-chain information showed that Stars Arena, a social protocol based on the AVAX network, had been exploited, resulting in a loss of approximately $3 million. According to blockchain security agency PeckShield, more than 266,000 AVAX tokens were worth approximately $2.9 million.

Stars Arena's official Twitter account also said: "There is a major security vulnerability in the smart contract. We are actively investigating the issue. Please do not deposit any funds. Please stay tuned for updates."