DeFi News: DeltaPrime Faces Major Security Breach in Ongoing Attack

Monday, 16 September 2024, 00:58

DeFi news highlights the alarming developments at DeltaPrime, a protocol on Arbitrum. A series of suspicious transactions have reportedly led to a loss of nearly $6 million. The persistent attack, flagged by CyVers, raises concerns about DeFi security.
Beincrypto
DeFi News: DeltaPrime Faces Major Security Breach in Ongoing Attack

DeFi News: DeltaPrime Under Siege

DeltaPrime, a prominent DeFi protocol on the Arbitrum chain, recently fell victim to a wave of suspicious transactions resulting in a staggering loss of almost $6 million. The Web3 security firm CyVers has identified that malicious actors compromised the protocol's admin wallet, gaining control over the DeltaPrime proxy contracts. This led to the draining of various liquidity pools, including DPUSDC, DPARB, and DPBTCb.

N. Korean IT Workers Allegedly Linked to DeltaPrime Breach

Recent reports suggest that North Korean IT workers may have a connection to the DeltaPrime breach. CyVers indicated that the attacker has exchanged stolen USDC for Ethereum (ETH), complicating efforts for recovery. CyVers CTO Meir Dolev emphasized that the attack is ongoing, with losses initially reported at $4.5 million, but continuously increasing as the situation unfolds.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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