Delta Prime suffered a $6 million hack in the latest DeFi breach, with funds stolen in two waves of malicious transactions.
Delta Prime was compromised for a minimum of $6 million in digital currency in the most recent cybersecurity incident related to cryptocurrency.
Onchain security platform Cyvers, who wrote in a Sept. 16 X post: The decentralized finance (DeFi) platform initially experienced a loss of approximately $4.5 million.
“Suspicious address already swapped USDC to ETH! Total estimated loss is around $4.5M so far! however, a suspicious address is still draining the pools! Total loss might increase!”
Nevertheless, Chaofan Shou, the co-founder of Fuzzland, observed in a Sept. 16 X post that the amount stolen from Delta Prima has already reached nearly $6 million due to another surge of malicious transactions.
The incident occurred nearly two months after a hacker stole over $230 million from WazirX, an Indian cryptocurrency exchange, in the second-largest cryptocurrency breach of 2024 thus far.
There is a potential for additional losses in the future, as the attack has resulted in the theft of nearly $6 million.
According to Meir Dolev, the Chief Technology Officer of Cyvers, the attack is presumably the result of a private key exploit.
The onchain security expert informed Cointelegraph:
“Hackers took control of the wallet which is the admin of Delta Prime proxy contacts, later on, upgraded these contracts to point to his malicious contract this enabled the hacker to drain Delta Prime pools on the Arbitrum chain. Total loss is $5.9 million USD.”
