In the early hours of Monday morning, it became known that DeltaPrime was hacked by hackers. It is suspected that the Lazarus group from North Korea is behind the incident. This decentralized finance protocol would have lost $5.93 million dollars, according to specialized platforms.
Blockchain security firm Cyvers was one of the first to report the incident on its account on social network X. In the post, they warn about suspicious transactions from this protocol that operates on Arbitrum. At first, the firm estimated the losses at $4.5 million. However, after a more detailed analysis, it was concluded that the transfers from the liquidity pools to the suspicious wallets were higher.
The security firm explains that the theft was carried out through multiple transactions. According to reports, the administrator of the protocol system lost possession of the personal access key to the door of the smart contracts of that platform.
The latter allowed hackers to take control of the smart contract and alter it to drain funds. Among the protocol pools that suffered the breach are DPUSDC, DPARB and DPBTCb.
Lazarus was probably behind the hack that DeltaPrime suffered
The hacking of DeltaPrime is likely related to the North Korean hacker group Lazarus, according to researcher Chaofan Shou in a post on X. According to this expert, the way of attacking and then updating the smart contract proxy looks like a strategy of the aforementioned hackers.
The compromised admin address on Arbitrum was then used to update DeFi Prime proxy contracts. These were then converted into malicious contracts that allow hackers to inflate the amount deposited across all pools.
This event occurs after other experts warned of the infiltration of developers working for Lazarus. According to ZachXBT, DeFi Prime would be one of the main targets of criminals. With the hack that DeltaPrime suffered a few hours ago, it is confirmed that the expert was right with his warning.
In any case, the attackers initiated the process of exchanging USDC for ETH on mixers. This incident becomes a confirmation of the vulnerability of smart contracts to groups with sophisticated hacking techniques.
For years, DeFi has been a constant target for Lazarus. This group of hackers practically leaves many protocols defenseless thanks to its high capacity for evolution and sophisticated tools.
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