The decentralized finance (DeFi) platform Delta Prime has been the victim of a significant cyberattack, resulting in the theft of approximately $6 million worth of digital assets. This incident follows a series of high-profile hacks targeting cryptocurrency exchanges and DeFi protocols.
The attackers gained control of the admin wallet for Delta Prime’s proxy contracts, allowing them to manipulate the platform and drain funds from various pools on the Arbitrum blockchain. The initial estimated loss was around $4.5 million, but subsequent malicious transactions have increased the total amount stolen to nearly $6 million.
Experts believe that North Korean hackers, known for their involvement in previous cyberattacks on cryptocurrency targets, may be shifting their focus towards Bitcoin exchange-traded funds (ETFs) in the United States. These ETFs hold substantial amounts of Bitcoin, making them attractive targets for hackers seeking large financial gains.
The Delta Prime hack serves as a reminder of the ongoing security challenges faced by the cryptocurrency industry. DeFi platforms and cryptocurrency exchanges must constantly strengthen their defenses to protect against sophisticated hacking attempts.
Users should also be vigilant and take necessary precautions to safeguard their digital assets. This includes using strong passwords, enabling two-factor authentication, and avoiding suspicious links or downloads.
The Delta Prime hack highlights the ongoing threat of cyberattacks in the cryptocurrency space. As the industry continues to grow, it is crucial for platforms and users to prioritize security and adopt best practices to mitigate risks.
The potential targeting of Bitcoin ETFs by North Korean hackers further underscores the need for robust security measures to protect the cryptocurrency ecosystem.
Source Link
Author: Sb
ENS Integration with PayPal and Venmo Could Boost Crypto Adoption
September 18, 2024USDT’s Market Cap Expands on Ton Network
September 18, 2024USDC Integrates with Brazilian and Mexican Payment Systems
September 18, 2024
Comments are closed.
More News
-
Bitcoin Market Turns Bullish After Holding $60K
August 10, 2024 -
Stablecoin Market Cap Reaches New All-Time High
August 27, 2024
Bitcoin News
-
ENS Integration with PayPal and Venmo Could Boost Crypto Adoption
September 18, 2024 -
USDT’s Market Cap Expands on Ton Network
September 18, 2024 -
USDC Integrates with Brazilian and Mexican Payment Systems
September 18, 2024 -
Hong Kong Introduces AI Guidelines for Financial Sector
September 18, 2024
Most Viewed
-
ENS Integration with PayPal and Venmo Could Boost Crypto Adoption
September 18, 2024 -
USDT’s Market Cap Expands on Ton Network
September 18, 2024 -
USDC Integrates with Brazilian and Mexican Payment Systems
September 18, 2024 -
Hong Kong Introduces AI Guidelines for Financial Sector
September 18, 2024
Recommend News
Bitcoin News
-
ENS Integration with PayPal and Venmo Could Boost Crypto Adoption
September 18, 2024 -
USDT’s Market Cap Expands on Ton Network
September 18, 2024 -
USDC Integrates with Brazilian and Mexican Payment Systems
September 18, 2024