The DeltaPrime defi protocol suffered a $6 million loss after a private key was leaked. Access to the private key allowed the attacker to mint 1.1×1069 DPUSDC, which are tokens that allow holders to redeem the USDC stablecoin at a 1:1 ratio. They repeated the mint with several other deposit receipt tokens for bitcoin, ether, and other cryptocurrencies. Altogether, they redeemed a small fraction of these enormous quantities of deposit receipts, amounting to around $6 million in assets.DeltaPrime acknowledged the attack on Twitter, and announced that “the risk is contained”. They also stated that they were “looking into other ways to reduce user losses to a minimum”, including by pulling from the protocol’s insurance pool.

Total loss estimated at $6,000,000.