2024

ZachXBT

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Decentralized finance borrow and lending platform DeltaPrime sets deadline for attacker to engage in conversation on fund retrieval, threatening legal action.
DeltaPrime, a decentralized finance borrowing protocol that was hit by <a href="https://crypto.news/deltaprime-allegedly-suffers-second-attack-losing-over-4-7m/" target="_blank" rel="noopener noreferrer nofollow">a $4.8 million hack</a> on Nov. 11, has issued an ultimatum to the attacker, demanding a response by 8 AM CET on Nov. 14.
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 A message to the attacker (respond by nov 14th, 8am cet) Yesterday we sent you an on-chain message on: <a rel="noopener noreferrer nofollow" href="https://t.co/HSyGGCxqOz" target="_blank">https://t.co/HSyGGCxqOz</a>. It seems like you either missed this message, or decided to postpone a response in order to farm more rewards on LFJ and Stargate. We are confident…— DeltaPrime (@DeltaPrimeDefi) <a href="https://twitter.com/DeltaPrimeDefi/status/1856594612632326198?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 13, 2024</a>
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In <a href="https://x.com/DeltaPrimeDefi/status/1856594612632326198" target="_blank" rel="noopener noreferrer nofollow">an X post</a> on Nov. 13, the protocol’s co-founder Gavin Hasselbaink warned that failure to open a dialogue would lead to legal action and the pursuit of the attacker’s identity.
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 “As I am sure you know, we have several leads on your real identity, and at some point we will have to pursue these in order to retrieve the user funds.”
 Gavin Hasselbaink
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Following the attack, DeltaPrime sent an on-chain message to the hacker requesting communication regarding the recovery of the stolen funds. However, the attacker has either “missed this message, or decided to postpone a response,” Hasselbaink said.
In a public message, the protocol emphasized that its priority remains “safe fund retrieval,” reassuring the attacker of its commitment to anonymity, citing past collaborations with other attackers who had voluntarily returned stolen funds.
You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/wazirx-to-restart-trading-and-share-revenue-to-pay-back-victims-of-235m-hack/"> WazirX to restart trading and share revenue to pay back victims of $235m hack </a>
DeltaPrime has set Nov. 14 as the final deadline for the attacker to engage in negotiations over the $4.8 million stolen in the hack. If no communication occurs by that time, the incident will no longer be considered a white-hat hack, and the protocol will escalate the situation, the post reads.
The latest attack 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&nbsp;<a href="https://crypto.news/avalanche-backed-borrowing-protocol-deltaprime-suffers-4-5m-hack/" target="_blank" rel="noopener noreferrer nofollow">exploited</a>&nbsp;weak private key security to take control of and drain the project’s vulnerable contract.
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.
Read more: <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>

DeltaPrime sets deadline for attacker to resolve $4.8m hack

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