Delta Prime loses $6 million in major hack

The attack began with an initial theft of $4.5 million and escalated due to further malicious transactions.

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Delta Prime, a decentralised finance (DeFi) platform, was hit by a hack resulting in nearly $6 million in losses. The incident began with an initial loss of $4.5 million, but further malicious transactions pushed the total stolen to $6 million. The attack appears to have been caused by a private key exploit, allowing the hacker to take control of the platform’s wallet and drain funds from Delta Prime‘s pools on the Arbitrum chain. It follows a larger trend of increasing cyber-attacks on DeFi platforms.

The hack on Delta Prime comes just two months after WazirX, an Indian cryptocurrency exchange, suffered a $230 million theft, marking it as one of the largest crypto hacks of the year. As the DeFi space grows, so does the frequency of attacks, with hackers continually finding new ways to exploit vulnerabilities.

Experts warn that North Korean hackers may now target US Bitcoin exchange-traded funds (ETFs) due to their significant holdings. With US Bitcoin ETFs holding over $53 billion in assets, they present a highly attractive target for cybercriminals.