Lending agreement Delta Prime was attacked for the second time in two months, with total losses exceeding $10 million
Blockchain-based lending platform Delta Prime has suffered its second attack in two months, according to multiple crypto security and research firms. According to the latest estimates, nearly $5 million in crypto assets have been transferred.
It comes shortly after Delta Prime suffered a roughly $6 million attack in mid-September when one of the protocol's administrators lost control of its private keys, causing the protocol to lose more than $10 million.
The vast majority of the stolen funds came from Delta Prime, which was deployed by Avalanche. The fully diluted valuation of the PRIME token is over $51 million. The total value locked in by the protocol is around $32 million, down from a peak of over $70 million before the exploit in September.