• Dapps: 16.23K
  • Blockchains: 78
  • Active users: 66.47M
  • 30d volume: $303.26B
  • 30d transactions: $879.24M

DeltaPrime demands fund return, threatens legal actions

user avatar

by

a day ago


The decentralized finance platform DeltaPrime has issued a deadline to the hacker responsible for a $4.8 million theft, threatening legal action if a response is not received.

Ultimatum for the Hacker

On November 11, 2023, DeltaPrime was targeted in a hack that resulted in $4.8 million in stolen funds. On November 13, co-founder Gavin Hasselbaink issued a statement on X demanding the hacker engage in a dialogue by November 14, 8:00 AM CET, under threat of legal pursuit.

DeltaPrime's Response and Actions

Following the breach, DeltaPrime sent an on-chain message to the hacker proposing discussions for fund recovery. However, the hacker has yet to respond. The protocol emphasized its priority of 'safe fund retrieval,' assuring the hacker of commitment to their anonymity.

As I am sure you know, we have several leads on your real identity, and at some point, we will have to pursue these in order to retrieve the user funds.Gavin Hasselbaink

Details of Previous Attacks

This is the second hack targeted at DeltaPrime; the previous incident in September 2023 led to a $6 million loss, where attackers exploited weak private key security to access and drain the project’s vulnerable contract.

DeltaPrime has given the hacker until November 14 to return the funds; otherwise, the incident will be treated as criminal, prompting the company to take appropriate measures. Previously, DeltaPrime encountered similar attacks but managed to address vulnerabilities.

0

Share

Other news

US Election and Bitcoin: Cryptocurrency Market Impact

Upcoming US elections spark speculation around Bitcoin, but key drivers remain long-term.

user avatar

a few seconds ago

Google Cloud Supports BNB Chain with $10M in Cloud Credits

Google Cloud invests $10M in credits for MVB projects on BNB Chain, supporting blockchain and AI developments.

user avatar

a few seconds ago

UK Pension Fund's Bitcoin Investment: Strategy and Outlook

A UK pension fund has invested 3% of its assets in Bitcoin, marking a strategic move towards diversification and long-term growth.

user avatar

a minute ago

DOGE and PEPE Rise in Value, Capturing Market Attention

Meme coins DOGE and PEPE show significant price increases, potentially leading the market to a bull run.

user avatar

2 minutes ago

Crypto Industry Strengthens Political Stance in the US

261 pro-crypto candidates secure seats in Congress, boosting the crypto industry's influence.

user avatar

2 minutes ago

Kraken Implements Layoffs and Leadership Changes: A Strategy for Enhanced Competitiveness

Kraken announces layoffs and appoints Arjun Sethi as co-CEO to enhance efficiency and competitiveness.

user avatar

3 minutes ago

dapp expert logo
© 2020-2024. DappExpert. All rights reserved.
© 2020-2024. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.