Delta Prime, a prominent Arbitrum and Avalanche-based transparent and trustless brokerage has reportedly experienced a hack. As per a famous blockchain security tracking platform, Delta Prime has recorded some suspicious transactions on the Arbitrum Chain, leading to the drainage of $5.93 million indicating its potential loss of the private key’s control. Earlier, the number was $4.5 million but now it has increased which means the attack is still ongoing.
ALERT@DeltaPrimeDefi has faced a security incident on their admin keys. Attacker had control on the private key of 0x40e4ff9e018462ce71fa34abdfa27b8c5e2b1afbthen he upgraded the proxy!So far $5.93M has been drained!Want to keep your company off our alerts radar? Learn… https://t.co/yOmNZJyp5l pic.twitter.com/lztFvXVmfI
— Cyvers Alerts (@CyversAlerts) September 16, 2024
A Malicious Address Targets $DPUSDC, $DPARB, and $DPBTCb in an Ongoing Delta Prime Hack on Arbitrum
Cyvers Alerts recently reported this incident on its official social media account on X. It noted that the event paved the way for a likely catastrophic scenario. In this respect, a malicious address has been draining funds from many pools. Up till now, the affected among them have taken into account $DPBTCb, $DPARB, and $DPUSDC. The malicious address is potentially converting the $USDC tokens to $ETH coins.
This indicates that the exploiter is trying to swap the assets from the attack for additional liquidity. Otherwise, the attacker is potentially concealing the tracks before shifting the funds. In line with the new update, the cumulative expected loss has touched the $5.93M mark. Nonetheless, the suspicious activity is still ongoing, signifying that the cumulative amount could rise to a significant extent.
The Attack May Lead to Similar Incidents on Other Blockchains
The security breach seems to be hard while the exploiter has not stopped the exploitation on the respective pools on Arbitrum. In addition to this, Cyvers Alerts has also released a caution to the rest of the blockchain projects, advising them to protect assets with necessary precautions for other such breaches.
