Delta Prime on Arbitrum Loses $6M in Major Hack Due to Private Key Leak

Sep 16, 2024, 10:25 AM

Delta Prime, a DeFi platform on the Arbitrum network, suffered a significant security breach on September 16, 2024, resulting in a loss of approximately $6 million. The incident occurred due to a compromised private key, which allowed the attacker to gain control and upgrade proxies to malicious contracts. Initial losses were reported at $4.5 million, but the total amount drained has since increased. The affected pools include DPUSDC, DPARB, and DPBTCb. DeltaPrime Red on the Avalanche network remains secure. The source of the breach is under investigation, and there are allegations of links to North Korean IT workers involved in similar frauds. The attacker's address, 0x40e4ff9e018462ce71fa34abdfa27b8c5e2b1afb, has moved 1.2K ETH ($2.8M).