$5.93M Stolen Funds From DeltaPrime Routed to Tornado Cash

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Cryptotimes2024/09/17 14:00

By:Dishita MalvaniaDhara Chavda

The attacker swiftly converted stolen USDC into Ethereum (ETH), with the total loss potentially rising as the attack unfolds.

DeltaPrime’s hacker has transferred the stolen funds of around $5.93 million to the Ethereum blockchain and funneled them through Tornado Cash, a service known for anonymizing cryptocurrency transactions.

$5.93M Stolen Funds From DeltaPrime Routed to Tornado Cash image 0

Source: Twitter

DeltaPrime got hacked yesterday and lost $6 million . The breach was detected by blockchain security firm Cyvers, which noticed suspicious activity on the Arbitrum chain, where DeltaPrime operates. The hacker reportedly gained access to an admin’s private key, giving them control over several liquidity pools, including DPUSDC, DPARB, and DPBTCb.

The attacker swiftly converted stolen USDC into Ethereum (ETH) and deposited it to TornadoCash.

DeltaPrime team reassured users that they are actively working to recover funds and mitigate user losses, with insurance measures in place to cover damages.

While efforts are underway to resolve the issue, users have been temporarily unable to withdraw their assets from DeltaPrime’s Arbitrum version.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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