The DeFi project DeltaPrime on the ARB chain has been attacked leading to a loss of $5.93 Million. Apparently, crypto sleuth, ZachXBT believes the North Korean crypto developers could be behind the attack.
Early today, web3 security firm Cyvers Alerts noticed suspicious transactions as it warned DeltaPrime about the matter, “Our system has detected multiple suspicious transactions involving @DeltaPrimeDefi on $ARB chain! (Still ongoing)Suspicious address still draining the pools! Affected pools so far are the #DPUSDC, #DPARB, #DPBTCb !
Suspicious address already swapped $USDC to $ETH!”
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Cyvers also informed that initially only $4.5 million were lost, but since, suspicious addresses were continuing to drain the pools more funds could be stolen. So far, the stolen funds amounts to $5.93 Million.
🚨ALERT🚨@DeltaPrimeDefi has faced a security incident on their admin keys.
Attacker had control on the private key of 0x40e4ff9e018462ce71fa34abdfa27b8c5e2b1afb
then he upgraded the proxy!So far $5.93M has been drained!
Want to keep your company off our alerts radar? Learn… https://t.co/yOmNZJyp5l pic.twitter.com/lztFvXVmfI
— 🚨 Cyvers Alerts 🚨 (@CyversAlerts) September 16, 2024
Note that the project is available on both Arbitrum and Avalanche blockchains, but only the version offered on Arbitrum has been compromised. As a result, users could not withdraw funds on Arbitrum. Fuzzland founder Chaofan Shou claimed that in the early hours of Monday, a hacker got access to admin proxies, which is 0xx40e4..b1afb. Later, the hacker upgraded the proxies to point to malicious contract 0xD4C..59E73.
ZachXBT has pointed out the potential ties between DeltaPrime’s breach and a group of North Korean crypto developers that he had previosuly warned about in August. He wrote post on X, “Idk if related but they were one of the teams with the DPRK IT workers I reached out to warn (was told they were all removed).”
DeltaPrime has neither confirmed nor denied anything about the attack, however, the team was apparently investigating and working on the issue.
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Also Read: Crypto Sleuth ZachXBT Uncovers Massive $238M Bitcoin Theft
