A hacker exploited the DeFi protocol Delta Prime, stealing $6 million by creating an excessive amount of deposit receipt tokens. The attacker minted over 115 duovigintillion DPUSDC tokens but only burned 2.4 million, receiving $2.4 million in USDC stablecoin. They repeated this process with other tokens, ultimately cashing out over $1 million in various cryptocurrencies. By gaining control of an admin account, the hacker manipulated the protocol's liquidity pool contracts to mint tokens. Delta Prime confirmed the attack and assured coverage for potential losses. This incident highlights the risks of DeFi protocols using upgradeable contracts, as it can lead to centralized vulnerabilities. Despite ongoing debates among Web3 developers, smart contract exploits continue to threaten users, with recent incidents involving millions of dollars in losses. Read more AI-generated news on: https://app.chaingpt.org/news