DeltaPrime, a leading DeFi prime brokerage, has unveiled a robust reimbursement plan following the recent security breach on September 16th. This resulted
DeltaPrime Reimbursement Plan – TheNewsCrypto
DeltaPrime, a leading DeFi prime brokerage, has unveiled a robust reimbursement plan following the recent security breach on September 16th. This resulted in a loss of $5.98 million on the Deltaprime Blue (Arbitrum) protocol. DeltaPrime committed to fully compensate all affected users through a combination of strategic measures and community-focused initiatives.
In response to the incident, DeltaPrime has implemented a comprehensive reimbursement strategy that prioritises user recovery and long-term protocol stability. Key components of the plan include:
The PRIME tokens offered by the founders present a unique opportunity due to their heavily discounted price and non-inflationary mechanics. This initiative aligns with DeltaPrimes commitment to maintaining token value while enhancing decentralisation.
Why Full Repayment is Anticipated
DeltaPrime‘s confidence in achieving full repayment is grounded in its historical performance and robust financial health. Over its one-and-a-half years of operation, DeltaPrime has consistently demonstrated strong growth, with an average of $44 million in user deposits over 2024, and an average of $64 million over the 30 days prior to the atack. The protocol generated $2.7 million in revenue over 2024 (3.6 million annualised), showcasing its ability to generate substantial income even amid challenges within a sustained bear market. These financial metrics underpin DeltaPrime’s capability to fulfill its reimbursement commitments while continuing to innovate and expand.
Enhanced Security Measures
In light of the recent breach, DeltaPrime has redoubled its efforts to enhance both protocol and operational security. To reduce smart contract risk, the protocol currently is undergoing its 8th audit with renowned security provider BlockSec.
Additionally, DeltaPrime has implemented rigorous operational security protocols, including comprehensive internal security workshops, a replacement of all physical devices through a reputable supply chain and enhanced monitoring systems for real-time threat detection. These measures are designed to safeguard user assets and rebuild trust within the community.
DeltaPrime remains dedicated to rebuilding trust with its community through transparent communication and decisive action. The protocols ongoing security enhancements and strategic partnerships underscore its commitment to user fund safety and operational integrity.
Detailed information about the reimbursement plan is available on DeltaPrime and any questions can be asked directly by joining the conversation on Discord.
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