DeltaPrime Protocol Attacked on Arbitrum and Avalanche, Resulting in $4.8 Million Loss

WikiBit 2024-11-13 18:20

DeltaPrime lost $4.8M in an Arbitrum and Avalanche attack, halting operations and urging users to revoke permissions.

According to PeckShield Alert, decentralized finance platform DeltaPrime suffered an attack on the Arbitrum and Avalanche blockchains, resulting in the loss of approximately $4.8 million in crypto assets. Reports indicate that the attacker has funneled around $1.3 million into LFJ (formerly known as Trader Joe) to provide liquidity and engaged in USDC mining on the Stargate platform.

DeltaPrime has officially confirmed the attack on its protocol on both Avalanche and Arbitrum chains, with initial loss estimates reaching $4.75 million. The protocol has been paused on both chains to mitigate risks. DeltaPrime has advised all users to revoke permissions to active contracts to avoid further losses and emphasized that user safety remains the top priority. Further updates will be provided as soon as possible.

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