
According to Coingecko data, AVAX has dropped more than 5% in the short term, possibly due to the impact of the Stars Arena theft. As of the time of writing, it is priced at $10.76 with a 24-hour gain narrowed to 4.30%.

Just one day ago, Stars Arena suffered from a vulnerability, which allowed anyone to steal AVAX tokens from the project's smart contract. Although the vulnerability was subsequently fixed and only a total of $2,000 was stolen, Stars Arena has lost the trust of its users after today's theft.
Community users have raised doubts about this, with some suggesting that it is a means for the project team to use rug funds.

Regarding the follow-up progress of the theft incident, BlockBeats will continue to pay attention.
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