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

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.

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Article Details

Author / Journalist: Elena R

Category: Crypto

Markets: United States

Topics: Defi Protocol Industry: Code Security Bitcoin Million Attack Deltaprime Shakes Hack

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 06:51:54 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 294 words

Reading Time: 2 minutes read

Sentences: 21 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 23546841

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News Last Updated: 9 hours ago

Coverage Areas: United States

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