PANews reported on November 11 that according to a PeckShield alert, the decentralized financial platform DeltaPrime was attacked on the Arbitrum and Avalanche blockchains, losing about $4.8 million in crypto assets. It is reported that the attacker has injected about $1.3 million of funds into LFJ (formerly Trader Joe) to provide liquidity and conduct USDC mining on the Stargate platform.
DeltaPrime officially confirmed that its protocol was attacked on the Avalanche and Arbitrum chains, with an initial estimated loss of $4.75 million. The protocol has been suspended on both chains to control risks. DeltaPrime recommends that all users revoke authorization for active contracts to avoid further losses, and stated that user safety is the primary consideration and updates will be provided as soon as possible.
It is reported that the real-time monitoring system of Web3 security and analysis company FuzzLand was the first tool to detect the attack. It also stated that DeltaPrime was attacked due to improper input validation.
