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DeFi News

Stars-Arena Drama: Departed Exec Reveals Avalanche CEO’s Role

The departed team member starts exposing shocking information on the Stars Arena team and Avalanche.

Written By:
Gopal Solanky

Last updated: October 31, 2023 6:37 AM
Published October 31, 2023 6:37 AM
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Last updated: October 31, 2023 6:37 AM
Published October 31, 2023 6:37 AM

Avalanche’s SoFi application, Stars Arena, has caught up in a scuffle after a team member departs and starts exposing classified information. 

Just a day after Chill Pill resigned from the CEO position, Stars Arena announced the departure of another team member, Kook Capital, on October 31, who used to look after business development and strategy. 

https://twitter.com/KookCapitalLLC/status/1719072693696225305

The departure, however, has unleashed the team’s conflicting views, as Kook accuses former CEO Chill Pill of stealing the company from its founder. Kook claimed that “greed killed Stars Arena” while referring to Chill Pill.  

Kook has also shared a post citing screenshots to expose Avalanche founder and CEO Emin Gün Sirer. Out of fury, Kook also revealed Stars Arena’s direct connection to the Avalanche team.

https://twitter.com/KookCapitalLLC/status/1719079853742297247

While not sure if he was joking or not, Kook asked the Stars Arena and Avalanche team to pay him $690,420 in exchange for him signing an NDA, which will prevent him from disclosing any further information about the subject.

https://twitter.com/KookCapitalLLC/status/1719115467434967235

With a shocking claim, the drama reveals that Chill Pill had 3 signatures for Stars Arena’s multisig wallet, which he did not change despite being pressured. 

The drama has also caught attention from the whole crypto community, including onchain detective ZachXBT.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Gopal Solanky - Crypto Research Analyst at The Crypto Times
By Gopal Solanky Sr. Crypto Journalist
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Gopal Solanky is a Research Analyst and Reporter with over 5 years of experience in DeFi, blockchain, crypto, IT, and financial markets. With a Bachelor's in Computer Applications, he brings a strong technical foundation to his analysis and reporting. Gopal focuses on breaking down complex topics for both seasoned investors and curious readers. His work has been referenced by publications like Business Insider and Vulture.com, highlighting his contributions to industry stories around topics like Huwak Tuah Memecoin and the FTX collapse.

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