DeltaPrime Hack Shakes DeFi Industry: $4.8 Million Lost to Exploit

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The story "DeltaPrime Hack Shakes DeFi Industry: $4.8 Million Lost to Exploit" was covered 1 weeks ago by Coinpedia, a news publisher based in United States.

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DeltaPrime Hack Shakes DeFi Industry: $4.8 Million Lost to Exploit - Coinpedia

Quick Summary:

This attack is the second major hack on DeltaPrime within the last two months and underlines the continuous security issues within the protocol and the DeFi industry in general.

The protocol’s team claimed that while the protocol is paused on both chains, the risk is contained to reassure stakeholders that they are currently looking into it.

To manage the breach DeltaPrime revealed a halt in its activities on Arbitrum and Avalanche networks.