$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.

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.

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.

Follow The Crypto Times on Google News to Stay Updated!