Key Takeaways:
- Delta Prime DeFi platform hacked, leading to a theft of over $6 million in stablecoins.
- Attack exploited a private key vulnerability, compromising Delta Prime’s admin wallet.
- Incident follows another major hack, raising security concerns in the DeFi space.
Delta Prime, a decentralized finance (DeFi) platform, was recently hacked, resulting in the theft of over $6 million in stablecoins.
Onchain security firm Cyvers first flagged the breach, initially reporting a loss of $4.5 million, which quickly escalated as attackers swapped stolen USDC for Ethereum.
DeltaPrime Blue exploited, this is the current status:
— DeltaPrime (@DeltaPrimeDefi) September 16, 2024
At 6:14 AM CET DeltaPrime Blue (Arbitrum) was attacked and drained for $5.98M. This was due to a compromised private key, the source of which is currently under investigation.
DeltaPrime Red (Avalanche) is not vulnerable…
The total loss has since reached nearly $6 million, with warnings that more assets may be at risk as a suspicious address continues to drain funds.
This breach is believed to be linked to a private key vulnerability that compromised Delta Prime’s admin wallet.
DELTAPRIME DEFI PROTOCOL LOSES $5.93M SO FAR IN ONGOING EXPLOIT – REPORT
— BSCN (@BSCNews) September 16, 2024
– @DeltaPrimeDefi, a DeFi project on the Arbitrum, is reportedly under attack. The administrator appears to have lost the private key, according to @CyversAlerts.
– The attacker upgraded the proxy after… https://t.co/SWfaPAvzjG pic.twitter.com/tSjKO0c04c
The hack comes shortly after another major crypto theft of over $230 million from WazirX, making it the second-largest cryptocurrency theft of 2024.
The incident raises concerns over the ongoing security of DeFi platforms.