The blockchain security company Cyvers has reported a security leak in the decentralized finance (DeFi) protocol DeltaPrime, which operates on the Arbitrum network.
The Cyvers estimates the loss in the incident to be four and a half million dollars at first, however, after it was reported that the funds had been transferred from DeltaPrime’s DeFi liquidity pools to the “suspicious address,” the loss was recorded as 5.93 million doll.
DeltaPrime DeFi Hacked on ARB Chain: Millions in Crypto Stolen
One of the cybersecurity companies stated that there was “multiple suspicious transactions” related concerning DeltaPrime on ARB chain. Reportedly, the administrator of the protocol’s system lost possession of the personal secret key which is the gateway to the smart contracts on the platform. Because of this breach, the intruder could alter the proxy smart contract and leverage it.
Some of DeltaPrime’s DeFi liquidity pools, such as DPUSDC, DPARB, and DPBTCb suffered due to loss o
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