The hacker responsible for the November 2024 breach of DeltaPrime, a decentralized finance (DeFi) liquidity protocol, has moved 310 ETH to Tornado Cash. The hack, which resulted in a loss of approximately $4.8 million worth of crypto, affected both the Arbitrum (ARB) and Avalanche (AVAX) blockchains.
DeltaPrime Hack Updates
#PeckShieldAlert #DeltaPrime Exploiter has transferred 310 $ETH to #Tornadocash #DeltaPrime suffered a hack in November 2024, resulting in a loss of ~$4.8 million. pic.twitter.com/tGTQMqZUTP
— PeckShieldAlert (@PeckShieldAlert) March 5, 2025
According to PeckShield Monitoring, the DeltaPrime hacker transferred 310 ETH to crypto mixer platform Tornado Cash for money laundering.
In November 2024, DeltaPrime suffered a security breach due to a smart contract vulnerability in the protocol’s reward claiming mechanism. A failure to perform proper input validation allowed the attacker to create and use a malicious trading pair on the platform.
This was the second significant breach for DeltaPrime in 2024. The first, in September, was caused by compromised private keys, which allowed the attacker to exploit the protocol’s smart contracts, draining roughly $5.98 million in crypto.
Hacks continue to jeopardize the security of crypto industry. February witnessed the largest crypto heist in the industry’s history when crypto exchange Bybit lost $1.4 billion in an attack.
A report revealed that the Bybit attack, orchestrated by North Korea’s Lazarus Group, reflects North Korea’s strategies of targeting centralized crypto exchanges through methods such as phishing, supply chain compromises, and private key theft—strategies previously employed in incidents like the 2023 Atomic Wallet hack, which resulted in the loss of $100 million in cryptocurrency from over 4,100 individual addresses.
Nevertheless, recent development is that Bybit managed to close the gap on its Ethereum assets in just under 72 hours, with support from other crypto trading platforms and brokerages.
Also Read: Bybit CEO: 77% of Stolen Funds Can Be Traced, 20% Moved to the Black Market
