SocialFi protocol Stars Arena has announced a name change to "The Arena". The team will prepare for UI, product changes, and domain migration in the next few days. Before the official announcement, the official website is still starsarena[.]com and updates will be released when the domain is transferred.

Stars Arena announced on X platform that the long-awaited moment is about to come. When we are ready to resume trading, the TVL in the contract will be transferred to a new smart contract, and user funds are safe. The old contract will be abandoned, and users should not interact with the old contract after migration.

On November 29th, Avalanche ecosystem social protocol Stars Arena announced the appointment of former Ava Labs strategic executive Phillip Liu Jr. as Chief Operating Officer. Phillip Liu Jr.'s primary focus will be on strategic partnerships, team building, and fundraising.

SocialFi platform Stars Arena has announced the re-launch of its airdrop on X account, and the points have been distributed to all users. The global rankings have also been updated, and this airdrop covers retrospective points obtained since the last team airdrop. This is the first of two airdrops this week. The second will focus specifically on content creation and application usage and will be sent this weekend. In the future, all airdrops will take place every Monday at 2:00 PM Eastern Time, and the formula will be dynamic, evolving based on user behavior. More information about points will be announced as the plan progresses.

Avalanche ecology social protocol Stars Arena announced on Twitter that we have been working hard to complete the migration work, and now we are pleased to announce that the key and fund migration work has been completed. You now have a brand new wallet. The website has been restored, but the functionality is limited. The final step of migration is to update the Stars Arena smart contract. After the update is completed, we will lift the suspension of the smart contract and trading will resume.

Social protocol Stars Arena on the Avalanche ecosystem tweeted that wallet migration is nearing completion, and new wallets have been generated for all users, with funds already or soon to be transferred to these wallets. You don't need to take any action; once the funds are transferred, the process will be deemed completed.

On November 21st, Avalanche's social protocol Stars Arena announced on Twitter that the first phase of migration has been completed and they are preparing for the next phase of migration. Currently, Stars Arena has resumed online, but with limited functionality.

Stars Arena stated on social media that they are updating the Cloudflare configuration and DNS, which may take some time, and the website will be back soon.

According to a message from Avalanche's social protocol Stars Arena on the X platform, "After a thorough check by the engineering team, there is no evidence that recent fund losses are related to vulnerabilities that affect the platform more broadly. We believe that any so-called fund losses are isolated incidents. We have identified potential affected parties and will contact them directly. Necessary security measures are being taken for the isolated incident, but as a preventive measure to ensure user fund security, a critical migration is planned in the next few days."

On November 7, Stars Arena announced on social media that Arena V2 will be launched in 4 days. Currently, the first feature has been launched, and users can find GIFs next to "images" under each post. This feature aims to enhance the experience of content creators, and more features will be launched in the future.