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What is the connection between the cyberattack on the platform and the vulnerability of American funds?
The Delta Prime platform was subjected to a cyberattack, as a result of which cryptocurrency worth about $6 million was stolen. Initially, a loss of approximately $4.5 million was reported, but later the damage increased significantly.
Cyvers, a company specializing in blockchain security, was the first to notify about the incident on September 16, noting that the suspicious wallet had already begun exchanging stolen funds by transferring USDC to ETH. In a statement, Cyvers representatives stressed that by the time the attack was detected, the attackers' wallet continued to withdraw funds from the platform's pools, which could lead to further losses. Later, a Fuzzland spokesperson also confirmed that the amount of damage had increased to almost $6 million, pointing to new malicious transactions.
According to experts, the incident became possible due to the compromise of the keys of the platform wallet administrator. Cyvers noted that hackers managed to gain control of the wallet responsible for Delta Prime's managed proxy contracts. After that, the attackers were able to update the contracts, directing them to malicious ones, which allowed them to withdraw funds from the platform on the Arbitrum network. The total losses are estimated at $5.9 million.
Cybersecurity experts warn that the hackers' next targets could become more ambitious. In particular, Cyvers suggested that in the near future, the attention of attackers may switch to American funds trading Exchange-Traded Funds (ETFs). Significant bitcoin reserves stored in ETFs are of interest to hackers, including the North Korean Lazarus group. According to the analytical platform Dune, the total assets of bitcoin-based ETFs are $53.4 billion.
Source
The Delta Prime platform was subjected to a cyberattack, as a result of which cryptocurrency worth about $6 million was stolen. Initially, a loss of approximately $4.5 million was reported, but later the damage increased significantly.
Cyvers, a company specializing in blockchain security, was the first to notify about the incident on September 16, noting that the suspicious wallet had already begun exchanging stolen funds by transferring USDC to ETH. In a statement, Cyvers representatives stressed that by the time the attack was detected, the attackers' wallet continued to withdraw funds from the platform's pools, which could lead to further losses. Later, a Fuzzland spokesperson also confirmed that the amount of damage had increased to almost $6 million, pointing to new malicious transactions.
According to experts, the incident became possible due to the compromise of the keys of the platform wallet administrator. Cyvers noted that hackers managed to gain control of the wallet responsible for Delta Prime's managed proxy contracts. After that, the attackers were able to update the contracts, directing them to malicious ones, which allowed them to withdraw funds from the platform on the Arbitrum network. The total losses are estimated at $5.9 million.
Cybersecurity experts warn that the hackers' next targets could become more ambitious. In particular, Cyvers suggested that in the near future, the attention of attackers may switch to American funds trading Exchange-Traded Funds (ETFs). Significant bitcoin reserves stored in ETFs are of interest to hackers, including the North Korean Lazarus group. According to the analytical platform Dune, the total assets of bitcoin-based ETFs are $53.4 billion.
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