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Decentralized finance (DeFi) platform Delta Prime has fallen victim to a cybersecurity breach, resulting in the loss of around $6 million worth of digital assets, the latest in a string of high-profile crypto-related incidents.

The attack, which was first reported on September 16, saw hackers gain control of Delta Prime’s admin wallet, allowing them to drain the platform’s liquidity pool on the Arbitrum blockchain.

Meir Dolev, CTO of onchain security firm Cyvers, noted that the hackers likely exploited a private key vulnerability to carry out the theft.

“The hackers took control of the wallet that was the Delta Prime proxy contact admin, then, updated this contract to point to their malicious contract which allowed the hackers to drain the Delta Prime pool on the Arbitrum chain. The total loss is $6 million USD,” Dolev said.

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