DeltaPrime confirmed a second attack on Nov. 11, with hackers exploiting a vulnerability and stealing $4.75 million in crypto.
Hackers on DeltaPrime
According to blockchain analysts, DeltaPrime, a decentralized crypto protocol that is supported by Avalanche and GSR Markets, has purportedly lost $4.75 million in tokens as a result of the draining of multiple pools on Arbitrum.
On Monday, November 11, reports surfaced that the platform had been exploited as a result of a vulnerability in the periphery adaptor contract.
The misappropriated funds are being held at 0x56…634c, as noted by analysts from blockchain analytics firm CertiK. DeltaPrime verified the incident following the attack, stating that the hackers were able to steal a total of $4.75 million in cryptocurrency by exploiting pools on Avalanche and Arbitrum.
This is the second instance in which hackers have targeted the protocol, with the previous incident in September resulting in a $6 million loss. At that time, the attackers exploited the project’s vulnerable contract to seize control and drain it by exploiting weak private key security.
Blockchain detective the platform had previously employed North Korean IT personnel, as ZachXBT previously noted. Nevertheless, the analyst underscored that all personnel who had been flagged had been removed, which leaves unresolved any concerns regarding a potential connection between the hack and North Korea..
The DeltaPrime protocol, which was initially introduced on the Avalanche network in January 2023, has attracted over $63 million in total value secured and unlocked more than $20 million in liquidity, according to the protocol’s official website.
The protocol received funding from a variety of sources, including Avalanche, GSR Capital, Moonhill Capital, and Uplift.
