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Market News

$5.93M Stolen Funds From DeltaPrime Routed to Tornado Cash

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

Written By:
Dishita Malvania

Reviewed By:
Dhara Chavda

Last updated: September 17, 2024 5:52 PM
Published September 17, 2024 3:54 PM
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Last updated: September 17, 2024 5:52 PM
Published September 17, 2024 3:54 PM
$5.93M Stolen Funds From DeltaPrime Routed to Tornado Cash

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.

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.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Dishita Malvania - Senior crypto journalist at The Crypto Times
By Dishita Malvania
Follow:
Dishita Malvania is a Crypto Journalist with 3 years of experience covering the evolving landscape of blockchain, Web3, AI, finance, and B2B tech. With a background in Computer Science and Digital Media, she blends technical knowledge with sharp editorial insight. Dishita reports on key developments in the crypto world—including Litecoin, WazirX, Solana, Cardano, and broader blockchain trends—alongside interviews with notable figures in the space. Her work has been referenced by top digital media outlets like Entrepreneur.com, The Independent, The Verge, and Metro.co, especially on trending topics like Elon Musk, memecoins, Trump, and notable rug pulls.
Dhara Chavda- Crypto Research Analyst at The Crypto Times
By Dhara Chavda
Follow:
Dhara Chavda is a Content Strategist and Research Analyst with 5 years of experience in the crypto industry. She holds a Bachelor’s degree in Computer Engineering and brings a strong technical perspective to her work. Dhara specializes in DeFi, price analysis, and the core mechanics of cryptocurrencies. She also works on crypto news, including research, analysis, and assigning stories, ensuring accurate and timely coverage of key developments in the space.

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