Emin Gün Sirer, CEO of Ava Labs, the company behind Avalanche (AVAX), stood behind the hacked Stars Arena.
The Avalanche ecosystem, which has remained silent for a long time, gained popularity with the hype of Stars Arena. Increased network activity in the Avalanche ecosystem has also led to an increase in the AVAX price. Emin Gün Sirer, CEO of Ava Labs, the company behind the Avalanche project, frequently shared posts supporting the platform.
While everything was going well, the agenda was shaken by the hacking of Stars Arena. AVAX worth $3 million was stolen from the platform and users suffered losses. Ava Labs CEO Sirer stood behind Stars Arena after the hack.
Emin Gün Sirer supported Stars Arena
Emin Gün Sirer, CEO of Ava Labs, the developer of Avalanche (AVAX), supported Stars Arena with his posts on the X platform.
Sirer stated in his X post on October 5 that Stars Arena is better than central social media. He also shared in another post that the most enjoyable platform he has been on in a long time is Stars Arena.
Sirer’s posts like this contributed to the hype of Stars Arena. Additionally, Sirer also has an account on the platform.
This is why Stars Arena is so much better than centralized social. https://t.co/9uhn1cbZdj
— Emin Gün Sirer🔺 (@el33th4xor) October 5, 2023
The hacking of Stars Arena, which has grown rapidly and become a new trend, has found a wide place on the agenda of crypto. Sirer stood behind Stars Arena in his X posts after the hack.
Stars Arena was hit with a new exploit today. Remember that Stars Arena was built by The Builder and the Arena team. But they have quite a few friends and a fantastic product that has proven its virality in the market. The amount lost is only $3m. I'm confident that the hole will… https://t.co/IA1FwUFGzr
— Emin Gün Sirer🔺 (@el33th4xor) October 7, 2023
Ava Labs CEO Sirer stated that the $3 million hack is quite small. Stating that the team will overcome this situation, Sirer stated that the project should be given time for code changes.
Continuing his support for Stars Arena, Sirer said that Stars Arena has the power to cover the loss of 3 million dollars in a short time. Additionally, Sirer claimed that $300 million was stolen in the Wormhole hack and $625 million on Axie was evaporated.
Criticizing FUDs, Sirer said;
Reading the comments, you might think it’s a $30 billion attack. Stars Arena is a profitable service that makes money. The lost $3 million is an amount that Stars Arena can make up for in about 10 days. At worst, the team could borrow $3 million and pay it back with interest.
