Audit log

Every state-changing event for Arena SocialFi: moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions are designed to carry three independent witnesses — the original source, an Internet Archive snapshot, and a Solana memo signed by our publicly-disclosed publisher key. Archive coverage is still being backfilled, so each decision below reports its own snapshot status rather than assuming one exists.

1. #1publishby system:backfill

   2026-05-27 18:18:11Z
   Score: ? → ? (no score change)
   anchoranchored

   chain

   ●mainnet-betaslot 422,555,107

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   3cYig7Cms6Bg…WRLFkcr7copyexplorer ↗

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   CVjBS6LmQYJa…q6yisbmHcopysha256 → base58

   verifying row…full verify ↗

   canonical bytes (7079 B) ▸

   {"actor":"system:backfill","investigation_id":"a03fdac3-1e75-4012-a687-39075c822e80","kind":"publish","page_slug":"arena-socialfi","published_at":"2026-05-27T18:18:11.351Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Arena SocialFi","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://cointelegraph.com/news/friend-tech-clone-stars-arena-drives-surge-avalanche-avax-token","type":"other","url":""},{"credibility":3,"name":"https://decrypt.co/200242/stars-arena-social-token-friend-tech-avax","type":"other","url":""},{"credibility":3,"name":"https://www.coingecko.com/learn/stars-arena-avalanche-socialfi-crypto","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.coindesk.com/tech/2023/10/07/avalanche-social-app-stars-arena-drained-of-3m-in-avax-after-hack","type":"other","url":""},{"credibility":3,"name":"https://www.halborn.com/blog/post/explained-the-stars-arena-hack-october-2023","type":"other","url":""},{"credibility":3,"name":"https://www.certik.com/resources/blog/stars-arena-incident-analysis","type":"other","url":""},{"credibility":3,"name":"https://immunebytes.com/blog/stars-arena-hack-oct-7-2023-detailed-analysis/","type":"other","url":""},{"credibility":3,"name":"https://slowmist.medium.com/a-deep-dive-into-the-stars-arena-attack-765649d7fc6a","type":"other","url":""},{"credibility":3,"name":"https://cryptoslate.com/avalanche-project-stars-arena-suffers-2-9m-exploit-leaving-smart-contract-with-just-0-051/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.coindesk.com/markets/2023/10/11/stars-arena-exploiter-i-want-to-cooperate","type":"other","url":""},{"credibility":3,"name":"https://cointelegraph.com/news/stars-arena-recovers-stolen-funds-after-offering-bounty-exploit","type":"other","url":""},{"credibility":3,"name":"https://cointelegraph.com/news/stars-arena-secures-funds-to-plug-exploit","type":"other","url":""},{"credibility":3,"name":"https://medium.com/avascan/from-exploit-to-recovery-unpacking-the-stars-arena-hack-07d8fb439367","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://cryptopotato.com/the-ceo-of-avalanche-based-web3-social-platform-stars-arena-steps-down/","type":"other","url":""},{"credibility":3,"name":"https://www.theblock.co/post/260100/socialfi-platform-stars-arena-loses-another-team-member-after-ceo-steps-down","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.avax.network/about/blog/the-arenas-comeback-socialfi-app-on-avalanche-secures-2m-pre-seed-funding-and-plans-mainstream-expansion","type":"other","url":""},{"credibility":3,"name":"https://decrypt.co/232900/the-next-friend-tech-avalanches-arena-sets-token-airdrop-plans","type":"other","url":""},{"credibility":3,"name":"https://www.theblock.co/post/385963/jason-desimone-on-the-arenas-revival-and-the-future-of-socialfi","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://cryptobriefing.com/compromised-x-accounts-meme-coin-scam/","type":"other","url":""},{"credibility":3,"name":"https://cryptonews.com/news/scammers-steal-500k-via-x-account-breaches-and-meme-coin-scams-zachxbt/","type":"other","url":""},{"credibility":3,"name":"https://forklog.com/en/hacker-profits-500000-from-x-account-crypto-scam/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.coingecko.com/en/coins/the-arena","type":"other","url":""},{"credibility":3,"name":"https://coinmarketcap.com/currencies/the-arena/","type":"other","url":""},{"credibility":3,"name":"https://coinmarketcap.com/cmc-ai/the-arena/latest-updates/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.halborn.com/blog/post/explained-the-stars-arena-hack-october-2023","type":"other","url":""},{"credibility":3,"name":"https://www.certik.com/resources/blog/stars-arena-incident-analysis","type":"other","url":""},{"credibility":3,"name":"https://cointelegraph.com/news/stars-arena-secures-funds-to-plug-exploit","type":"other","url":""}]}],"sources_used":[],"summary":"Arena SocialFi (originally Stars Arena, rebranded to The Arena) is an Avalanche-based SocialFi platform launched September 2023. The platform suffered a critical reentrancy exploit on October 7, 2023, losing approximately $2.9 million in AVAX; it subsequently recovered ~90% of stolen funds via a bounty agreement. Following the hack, the original team dissolved and the platform was acquired and rebuilt under new leadership, launching the ARENA token in 2024 and raising $2 million in pre-seed funding.","timeline":[{"date":"2023-09-27","event":"Stars Arena launches on Avalanche C-Chain as a friend.tech competitor, built by pseudonymous developer 'theBuilder'.","source":""},{"date":"2023-10-05","event":"First exploit: attacker extracts approximately $2,000 in AVAX via a price function vulnerability. Avalanche Labs founder Emin Gun Sirer downplays the issue publicly.","source":""},{"date":"2023-10-07","event":"Second exploit: reentrancy attack drains 266,103 AVAX (~$2.9 million) from the Stars Arena smart contract, leaving it with less than $1. Team announces breach and halts deposits.","source":""},{"date":"2023-10-11","event":"Stars Arena announces 90% fund recovery after paying the exploiter a 10% bounty (~$257,000 plus 1,000 AVAX). New smart contract development begins with Paladin Security audit.","source":""},{"date":"2023-11-01","event":"Stars Arena CEO 'Chill Pill' resigns. Team member 'Kook' also departs citing management issues. Platform is acquired by a new team.","source":""},{"date":"2024-01-01","event":"Platform relaunches as 'The Arena' under new CEO Jason Desimone and COO Phillip Liu Jr., with a rebuilt smart contract and updated product.","source":""},{"date":"2024-09-01","event":"The Arena announces ARENA token launch with 10 billion total supply and airdrop for existing users based on accumulated platform points.","source":""},{"date":"2024-10-15","event":"The Arena secures $2 million in pre-seed funding, announced via Avalanche Foundation blog.","source":""},{"date":"2024-12-01","event":"The Arena's X account is compromised in a coordinated phishing campaign. ZachXBT reports the attacker breached 15+ X accounts and netted ~$500,000 via meme coin scams using the hijacked accounts.","source":""},{"date":"2025-06-09","event":"ARENA token reaches alleged all-time high of approximately $0.027.","source":""},{"date":"2025-11-24","event":"The Arena announces Monad Chain integration and Google/Apple sign-in support as part of V2 multichain expansion.","source":""},{"date":"2026-05-27","event":"ARENA token trading at approximately $0.00089, down approximately 96% from all-time high.","source":""}]},"v":1}

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2. #2rescoreby systemsystem

   2026-10-10 18:46:50Z
   Score: 32 → 51 (+19)
   Rescored under Scoring v2, the published formula (avoid.net/scoring): 32 → 51. Problems weighed by who is responsible: concerns that are not fraud −9.6, incidents the subject suffered −6.4, problems around the subject, caused by others −2.4; legitimacy credit long-running +4.
   anchoranchored

   chain

   ●mainnet-betaslot 455,366,711

   sig

   4ZkdhcojuqNn…wCnpqXoNcopyexplorer ↗

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   4EBLyZgbs7iR…sAMvTFYkcopysha256 → base58

   verifying row…full verify ↗

   canonical bytes (645 B) ▸

   {"actor":"system","decided_at":"2026-10-10T18:46:49.916Z","decision":"rescore","investigation_id":"a03fdac3-1e75-4012-a687-39075c822e80","new_score":51,"page_slug":"arena-socialfi","prev_score":32,"reason":"Rescored under Scoring v2, the published formula (avoid.net/scoring): 32 → 51. Problems weighed by who is responsible: concerns that are not fraud −9.6, incidents the subject suffered −6.4, problems around the subject, caused by others −2.4; legitimacy credit long-running +4.","score_delta":19,"score_model":"v2","sequence_num":2,"submission_content_hash":null,"submission_id":null,"submission_kind":null,"submission_valence":null,"v":1}

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3. #3rescoreby systemsystem

   2026-11-02 00:00:00Z
   Score: 51 → 53 (+2)
   Re-read and rescored after the page was re-researched (2026-11-01). Rescored under Scoring v2, the published formula (avoid.net/scoring): 51 → 53. Problems weighed by who is responsible: incidents the subject suffered −14.4, concerns that are not fraud −10.4, problems around the subject, caused by others −1.4; legitimacy credit long-running +4.
   anchoranchored

   chain

   ●mainnet-betaslot 464,285,788

   sig

   4Q7iuZogRujX…ALWDYNEccopyexplorer ↗

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   BxjehCMCrJ4y…TR49p4EEcopysha256 → base58

   verifying row…full verify ↗

   canonical bytes (714 B) ▸

   {"actor":"system","decided_at":"2026-11-01T23:59:59.234Z","decision":"rescore","investigation_id":"a03fdac3-1e75-4012-a687-39075c822e80","new_score":53,"page_slug":"arena-socialfi","prev_score":51,"reason":"Re-read and rescored after the page was re-researched (2026-11-01). Rescored under Scoring v2, the published formula (avoid.net/scoring): 51 → 53. Problems weighed by who is responsible: incidents the subject suffered −14.4, concerns that are not fraud −10.4, problems around the subject, caused by others −1.4; legitimacy credit long-running +4.","score_delta":2,"score_model":"v2","sequence_num":3,"submission_content_hash":null,"submission_id":null,"submission_kind":null,"submission_valence":null,"v":1}

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4. #4reviewby reviewerreviewer

   2026-11-02 00:01:15Z
   Score: 53 → 53 (no score change)
   The core narrative holds: the Stars Arena exploit, the 90% bounty recovery, the new team and the 2024 pre-seed round all match the sources I checked. Weak points are the unsourced last two timeline entries, a Paladin audit claim cited to a page that does not mention it, and a price drawdown figure (96%) that is slightly out of date against current data (97.6%). I found no sign of shutdown, sanction or a later exploit.
   anchoranchored

   chain

   ●mainnet-betaslot 464,286,093

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   3mvKrysL3QQg…SVErDAPxcopyexplorer ↗

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   EbexwNpr8PG7…CnNa7zv2copysha256 → base58

   verifying row…full verify ↗

   canonical bytes (1238 B) ▸

   {"actor":"reviewer","artifact_identity":"abe9cc82e2f7dc19d31cd289b416ce1f","decided_at":"2026-11-02T00:01:15.425Z","decision":"review","disputed_pct":0.1429,"findings_hash":"EL6fDAgaofStd2BfEuhcQi1WJnpmvWkodA3G7gP87gHj","investigation_id":"a03fdac3-1e75-4012-a687-39075c822e80","judge_def_hash":"8800307026131ea9d5da939d32b9a1f1884b2b84a5de33c8e87931d36f38d0f8","new_score":53,"page_content_hash":"8b36b050023846d3b6d1624a79701b84ba57af934f7f3c31b1b49202854d856a","page_slug":"arena-socialfi","prev_score":53,"reason":"The core narrative holds: the Stars Arena exploit, the 90% bounty recovery, the new team and the 2024 pre-seed round all match the sources I checked. Weak points are the unsourced last two timeline entries, a Paladin audit claim cited to a page that does not mention it, and a price drawdown figure (96%) that is slightly out of date against current data (97.6%). I found no sign of shutdown, sanction or a later exploit.","reviewer_def_hash":"bc11388ce4bc4deea1b064fea362663ae06e3f4f687f99604769044d6ffba770","score_delta":0,"sequence_num":4,"subject_status":"operating","subject_status_contradicts_page":false,"submission_content_hash":null,"submission_id":null,"submission_kind":null,"submission_valence":null,"v":1}

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5. #5review reviseby judgejudge

   2026-11-02 00:01:15Z
   Score: 53 → 53 (no score change)
   Of 7 checked claims, none were disputed and 1 could not be verified (claim_findings[5], the unsourced Monad and Google/Apple sign-in timeline entry), giving about 14% unverified. The core account holds: the October 2023 exploit, the roughly 90% bounty recovery (claim_findings[0]) and the 2024 pre-seed round (claim_findings[1]) match Tier 1 sources. Minor issues are the Paladin audit claim cited to a page that does not mention it (claim_findings[2]) and the 96% price drawdown stated without an as-of date or source, against about 97.6% on current data (claim_findings[3], [4]). The reviewer found no shutdown, sanction or later exploit and no omissions, and reviewer confidence was moderate (0.5), so the penalty is kept at the low end of the band.
   anchoranchored

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   ●mainnet-betaslot 464,286,097

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   3aFZEYuXihrG…UT1EmDxkcopyexplorer ↗

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   3Vkjy9FhvecT…B2A2kRcYcopysha256 → base58

   verifying row…full verify ↗

   canonical bytes (1400 B) ▸

   {"actor":"judge","artifact_identity":"abe9cc82e2f7dc19d31cd289b416ce1f","band_override":null,"decided_at":"2026-11-02T00:01:15.425Z","decision":"review_revise","delist_requested":false,"disputed_pct":0.1429,"investigation_id":"a03fdac3-1e75-4012-a687-39075c822e80","judge_def_hash":"8800307026131ea9d5da939d32b9a1f1884b2b84a5de33c8e87931d36f38d0f8","new_score":53,"page_slug":"arena-socialfi","prev_score":53,"reason":"Of 7 checked claims, none were disputed and 1 could not be verified (claim_findings[5], the unsourced Monad and Google/Apple sign-in timeline entry), giving about 14% unverified. The core account holds: the October 2023 exploit, the roughly 90% bounty recovery (claim_findings[0]) and the 2024 pre-seed round (claim_findings[1]) match Tier 1 sources. Minor issues are the Paladin audit claim cited to a page that does not mention it (claim_findings[2]) and the 96% price drawdown stated without an as-of date or source, against about 97.6% on current data (claim_findings[3], [4]). The reviewer found no shutdown, sanction or later exploit and no omissions, and reviewer confidence was moderate (0.5), so the penalty is kept at the low end of the band.","reviewer_def_hash":"bc11388ce4bc4deea1b064fea362663ae06e3f4f687f99604769044d6ffba770","score_delta":0,"sequence_num":5,"submission_content_hash":null,"submission_id":null,"submission_kind":null,"submission_valence":null,"v":1}

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