DeFi Platform Delta Prime Loses $6M in Latest Security Breach

A $6 million security breach has hit Delta Prime, a decentralized finance platform.

In the wake of a recent hacking attack, the perpetrators have managed to amass over $6 million worth of stablecoins and have exchanged them for ETH (Ethereum).

The latest crypto security incident, which targeted Delta Prime, saw hackers steal at least $6 million in digital currency.

On-chain security platform Cyvers reported in a Sept. 16 X post that the decentralized finance platform initially lost approximately $4.5 million.

“Suspicious address already swapped USDC to ETH! Total estimated loss is around $4.5M so far! however, a suspicious address is still draining the pools! Total loss might increase!”

Chaofan Shou, co-founder of Fuzzland, stated in a Sept. 16 X post that additional malicious transactions have raised the total amount stolen from Delta Prime to nearly $6 million.

This breach follows an incident just two months ago where a hacker stole over $230 million from India’s WazirX exchange, making it the second-largest crypto hack of 2024 so far.

The attacker has already stolen almost $6 million, and further losses still loom.

Meir Dolev, CTO of Cyvers, suggested that the attackers likely exploited a private key.

Michael Pearl, VP of GTM strategy at on-chain security company Cyvers, noted that hackers may aim at U.S. Bitcoin ETFs because of the large potential bounty.

Bitcoin ETFs, holding a combined $53.4 billion in BTC, have become a lucrative target for hackers, as noted by Dune. Four months ago, CryptoTvplus reported that North Korean hackers launched a new cyberattack campaign against South Korean cryptocurrency firms, using a unique malware variant called “Durian.” 

The infamous North Korean hacking group Kimsuky deployed this new malware in targeted attacks against at least two South Korean cryptocurrency firms. 

Recently, Binance revealed a new malware incident that has resulted in significant financial losses. This malware manipulates users’ clipboards, altering copied wallet addresses to the hackers’ addresses, leading to the loss of user funds.