The social finance platform Stars Arena, which is based on the Avalanche blockchain, is facing internal challenges as another team member resigns. This has led to criticism and accusations in the comments section. The team member, known as KookCapitalLLC, announced their resignation on Twitter, citing issues with management and direction. Stars Arena has stated that they are transitioning to a new team without any former members. Commenters have expressed confusion and criticism about the situation, with some suggesting that a rug pull may be imminent. There have also been allegations made against another team member, Chill Pill, regarding the control of funds. KookCapitalLLC has hinted at a possible exposé that would reveal the team's internal issues. Chill Pill had previously stepped down as CEO. Stars Arena had previously acknowledged their failure to meet development expectations and had transitioned to a legal entity to expand their tech team. The project also announced a partnership with Avalaunch for funding, but Avalaunch later ended the partnership due to concerns about the project. Stars Arena had suffered a security breach in which a significant amount of funds were stolen but managed to recover a majority of the assets.
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