The liquidity protocol DeltaPrime, operating on the Avalanche and Arbitrum networks, has fallen victim to a hacking attack, resulting in the loss of $5.9 million. The incident was reported by security experts at Cyvers.
According to the experts, they identified several suspicious transactions within the Arbitrum network, affecting pools such as DPUSDC, DPARB, and DPBTCb. At the time the attack was discovered, the damage amounted to $4.5 million, but analysts warned that this figure could increase.
Meir Dolev, the Chief Technical Officer at Cyvers, explained to Incrypted that the hackers gained control over the wallet managing DeltaPrime’s proxy contracts. The attackers updated these contracts, redirecting them to their malicious code, which allowed them to withdraw funds from DeltaPrime’s pools on the Arbitrum network.
The total damage has risen to $5.9 million, but some experts, including Chaofan Shou, co-founder of fuzzland, estimate the losses could reach $7 million. Crypto expert ZachXBT suggested that North Korean hackers may be behind the attack, as they reportedly used forged documents.
This incident highlights once again the critical importance of cybersecurity in the cryptocurrency world, where even minor vulnerabilities can lead to substantial financial losses.
Info: incrypted