In a major security breach, the decentralized finance (DeFi) platform DeltaPrime has been hacked, resulting in the theft of approximately $6 million. The hacker has transferred the stolen funds of around $5.93 million to the Ethereum blockchain and funneled them through Tornado Cash, a service known for anonymizing cryptocurrency transactions.
The breach was detected by blockchain security firm Cyvers, which noticed suspicious activity on the Arbitrum chain, where DeltaPrime operates. The hacker reportedly gained access to an admin’s private key, giving them control over several liquidity pools, including DPUSDC, DPARB, and DPBTCb.
The attacker swiftly converted stolen USDC into Ethereum (ETH), with the total loss potentially rising as the attack unfolds.
DeltaPrime team reassured users that they are actively working to recover funds and mitigate user losses, with insurance measures in place to cover damages.
In a post on X, the DeltaPrime team emphasized that the situation is being contained. “We’re working on asset-retrieval, and the insurance pool will cover any potential losses where possible,” the statement read.
While efforts are underway to resolve the issue, users have been temporarily unable to withdraw their assets from DeltaPrime’s Arbitrum version.
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