Bitcoin

Delta Prime, a decentralized finance (DeFi) platform, fell victim to a major hack, losing over $6 million worth of cryptocurrency. The attack was mainly focused on the Arbitrum blockchain. After investigation, it was found that the attack was linked to a private key leak. This enabled the hackers to gain access to the admin wallet of the platform. After gaining access, the scammers altered prominent proxy smart contracts to a malicious address. Further, they took control of funds, including USDC, Arbitrum, and Bitcoin.According to an official post from the platform on its X profile, the security researchers discovered the suspicious activities. Although Delta Prime works on the <a href="https://cryptotale.org/arbitrum-dao-unveils-arb-staking-governance-upgrades/" rel="noopener noreferrer nofollow">Arbitrum </a>(Blue) and Avalanche (Red) blockchains simultaneously, only Arbitrum was affected. As Avalanche was a cold wallet, the security was not breached. Delta Prime assured its users that action was initiated to retrieve the assets and cover potential losses.However, this breach affected users from using the chain to access their funds. This was because the attack led to more exposure within the lending and borrowing protocols. Following the attack, the scammers moved to launder the stolen funds into Ethereum with the help of Tornado Cash. Interestingly, the official Avalanche Discord <a href="https://twitter.com/avax/status/1827758804471288125" rel="noopener noreferrer nofollow">reported </a>a security breach in August through their X profile. The Avalanche platform ordered its users not to interact or click links until the issue was resolved.<a href="https://cryptotale.org/delta-prime-private-key-exploited-over-6-million-hacked/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Delta Prime Private Key Exploited, over $6 Million Hacked

CryptoTale

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