Cryptocurrency [loss] $5M+

Tweet by DeltaPrime

2024-11-11 [vendor] DeltaPrime [chain] avalanche, ethereum
Primary Source ↗
Financial Loss $4.8M (4,800,000 USD)
Blockchain(s) Avalanche, Ethereum

Incident Details

The DeltaPrime defi protocol was hacked for the second time in two months, losing $4.8 million in Arbitrum and Avalanche tokens. The attacker appeared to have exploited a flaw in one of the platform’s smart contracts that enabled them to borrow more than they put up in collateral.DeltaPrime paused the protocol on both Arbitrum and Avalanche, stopping the attacker from being able to steal more funds than they already had.DeltaPrime was hacked previously on September 16, losing $6 million after a leaked private key enabled an attacker to mint a huge number of the platform’s stablecoin deposit receipts.

Total loss estimated at $4,800,000.

Technical Details

Initial Attack Vector
Smart contract exploit / hack
Vendor / Product
DeltaPrime

Timeline

  1. 2024-11-11 Breach occurred
  2. 2024-11-11 Publicly disclosed