2024

Arbitrum

ZachXBT

Avalanche

<p class="is-style-lead">Crypto broker DeltaPrime has seemingly fallen victim to a $4.7 million hacker attack, for the second time since September.</p>
<p>DeltaPrime, a decentralized crypto protocol backed by Avalanche and GSR Markets, has allegedly lost $4.75 million worth of tokens as multiple pools on Arbitrum were drained, blockchain analysts warn.</p>
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   <p lang="en" dir="ltr">Hi <a href="https://twitter.com/DeltaPrimeDefi?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@DeltaPrimeDefi</a>, you may want to take a look <a rel="noopener noreferrer nofollow" href="https://t.co/uUn7fnRCLu" target="_blank">pic.twitter.com/uUn7fnRCLu</a></p>— PeckShield Inc. (@peckshield) <a href="https://twitter.com/peckshield/status/1855879033512427678?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 11, 2024</a>
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<p>On Monday, Nov. 11, reports emerged that the platform appears to have been exploited due to a vulnerability in the periphery adaptor contract. Analysts from blockchain analytics firm CertiK <a href="https://x.com/CertiKAlert/status/1855893120040497278" target="_blank" rel="noopener noreferrer nofollow">noted</a> that the stolen funds are being held at 0x56…634c. Following the attack, DeltaPrime <a href="https://x.com/DeltaPrimeDefi/status/1855899502944903195" target="_blank" rel="noopener noreferrer nofollow">confirmed</a> the incident, saying the hackers exploited pools on Avalanche and Arbitrum, stealing a total of $4.75 million worth of crypto.</p>
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   <p lang="en" dir="ltr">DeltaPrime was just exploited on Avalanche and Arbitrum for a total of (initial estimate) $4.75mm.<br><br>With the protocol being paused on both chains, the risk is contained. We will provide updates asap.</p>— DeltaPrime (@DeltaPrimeDefi) <a href="https://twitter.com/DeltaPrimeDefi/status/1855899502944903195?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 11, 2024</a>
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<p>You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/peckshield-october-crypto-hacks-tally-up-to-88-4m-in-losses-across-20-incidents/"> PeckShield: October crypto hacks tally up to $88.4m in losses across 20 incidents </a></p>
<p>This is the second time the protocol has been targeted by hackers, with the previous incident in September resulting in a $6 million loss. At the time, the attackers <a href="https://crypto.news/avalanche-backed-borrowing-protocol-deltaprime-suffers-4-5m-hack/" target="_blank" rel="noopener noreferrer nofollow">exploited</a> weak private key security to take control of and drain the project’s vulnerable contract.</p>
<p>Blockchain sleuth ZachXBT previously pointed out that DeltaPrime had earlier employed North Korean IT workers. However, the analyst emphasized that all flagged personnel had been removed, leaving questions about any connection between the hack and North Korea unresolved.</p>
<p>First launched on the Avalanche network in January 2023, DeltaPrime attracted over $63 million in total value locked and unlocked more than $20 million in liquidity, the protocol says on its official website. The protocol secured funding from Avalanche, GSR Capital, Moonhill Capital, and Uplift, among others.</p>
<p>Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/north-korea-aggressively-targeting-crypto-firms-warns-fbi/"> North Korea ‘aggressively targeting’ crypto firms, warns FBI </a></p>

DeltaPrime allegedly suffers second attack, losing over $4.7m

crypto.news

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