Stars Arena Secures Funds in Gnosis Safe Wallet, Access Returns

Key Points:

• Stars Arena takes proactive steps following an exploit, moving funds to a robust Gnosis Safe wallet.
• The new wallet requires 3/6 signatures from all Stars Arena team members for added security.
• Stars Arena ensures partial access while advising against new deposits.

Stars Arena, the social protocol built on the AVAX network, has taken concrete steps to enhance the security and integrity of its platform Gnosis Safe wallet.

The project announced on the X platform that funds have been successfully moved from the original fee wallet to a new Gnosis Safe wallet, featuring a robust 3/6 signature requirement. Importantly, this multisig Gnosis Safe wallet is now under the control of all Stars Arena team members, strengthening the project’s commitment to transparency and security.

Stars Arena’s Security Enhancement

The Gnosis Safe wallet address for the new multisig wallet is: 0xAc0388Fe24D65358f2fF063ebCbEfa321A2a091d

This move comes as part of Stars Arena’s comprehensive security infrastructure overhaul in response to a recent exploit. While the project has diligently worked to address the vulnerabilities and bolster its defenses, it’s important to note that partial access to the Stars Arena platform has been restored.

However, users are advised not to deposit new funds at this time. Stars Arena is taking a cautious approach to ensure the safety of its community members and their assets. The decision to restrict new deposits underscores the project’s unwavering commitment to safeguarding user funds and maintaining the highest security standards.

The Stars Arena team remains dedicated to providing a secure and reliable platform for its users. While the recent exploit may have posed challenges, the project’s swift response and proactive measures demonstrate its determination to rectify issues and reinforce the integrity of the platform.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.