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Stars Arena, the Avalanche friendtech project, has experienced major changes recently. CEO Chill Pill has resigned, leading to a decrease in Total Value Locked (TVL) on the Stars Arena chain from $2.8 million to less than $330,000. The platform contracts have changed ownership to Jason Desimone, with ongoing platform fees directed to a new wallet. Despite the challenges, the new team taking over is seen as a significant improvement, and there is optimism about the potential of Stars Arena.
It’s been one hell of a month, but I finally believe Stars Arena is back. The new team taking over has been a night and day difference. The more incompetent I realize the old team was, the more I believe much potential this thing has when it was able to run up to $3M under their… https://t.co/QQqMSxQnFR
Major SocialFI news from the past 24 hours - Stars Arena has been taken over by Jason Desimone! A few key details: -the platform contracts have changed ownership from their multi-sig to his -ongoing platform fees are directed to a new, fresh wallet -the domain, IP rights and… https://t.co/c8xltjOQvo https://t.co/yNxIKJBK9B
Stars Arena CEO Resigns After Major Hack https://t.co/SBGb9uGEQu
Stars Arena, the Avalanche friendtech project, tweeted that its CEO Chill Pill has resigned and will continue to take important measures to rebuild trust with the community. Data shows that the current TVL on the Stars Arena chain is less than $330k, and it once reached $2.8… https://t.co/EW0pPBfAZf
Stars Arena TVL down to $359k after “CEO” ChillPill steps down https://t.co/IMYMA53UAT