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DeltaPrime

#DeltaPrime

Summary

On September 16, 2024, DeltaPrime, a DeFi protocol on Arbitrum, lost $5.98 million due to a private key compromise. The attacker used the compromised admin address to upgrade proxy contracts, inflating their deposits and withdrawing funds in USDC, WBTC, and WETH. The stolen funds were swiftly converted to ETH. DeltaPrime's Avalanche deployment was unaffected, and the team promised coverage from an insurance pool for potential losses. There is speculation of North Korean Lazarus Group involvement.

Reports