Stars Arena Crypto Social Platform Faces Internal Challenges as Another Team Member Resigns – What’s Going On?
Another team member has said goodbye to the Avalanche-based social finance platform Stars Arena. And the situation is only heating up, with criticism and accusations filling the comments sections.
According to a tweet posted on Monday evening (UTC time), “as of today, KookCapitalLLC has been relieved of his duties as a Stars Arena team member.”
Yesterday, Kook tweeted that “with a heavy heart i must announce my resignation from” Stars Arena, and that, despite the goal to support the founder hannesxda, aka ‘theBuilder’, “I have had serious issues with management and direction for some time.”
And Starts Arena may not be done. They stated that,
“We are continuing with the transition to a new team without the presence of any former member.”
Commenters have been generally expressing confusion and criticism regarding the recent news coming from the project, asking for clarification on what is happening.
Some participants have suggested that there may be a rug pull incoming.
I checked the @starsarenacom multsig this morning and was shocked.@iamchillpill and the remaining team removed myself and @KookCapitalLLC as signers.
– Right now the quorum is 4/4.
– Chill has 2x signatures.
Not only is this gross negligence around the management of funds… pic.twitter.com/T1H1E5NtXW
— boot ♻️ (@lowercaseboot) October 31, 2023
And many of the accusations, including those from Kook, mentioned member Chill Pill:
Chill Pill has removed myself and @lowercaseboot from the @starsarenacom multisig
The multisig is now controlled by THREE people
FOUR SIGNATURES
………
TWO ARE @iamchillpill
watch the money
— kook
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