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DeltaPrime Issues Ultimatum to Hacker Following $4.8 Million Attack

DeltaPrime warns hacker after $4.8M DeFi breach

byHarsh Chauhan
November 13, 2024
in Cryptocurrency News

DeltaPrime, the decentralized finance borrow and lending platform, issued a deadline for attackers to engage in conversation on fund retrieval, with a threat of legal action.

DeltaPrime, the decentralized finance borrowing protocol attacked by hackers in the amount of $4.8 million on Nov 11, issued an ultimatum to the attacker to respond by 8 AM CET on Nov 14, in case it threatens to take legal action.

In a post on Nov. 13, the co-founder Gavin Hasselbaink of the protocol threatened action in court and be tracking the attacker’s identity if there was not an opening of dialogue.

“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

Right after the hack, the attacker received a comment from DeltaPrime on chain, which reads: “Hey, lets discuss how we can get our funds back. Hope to hear from you.” It seems that either the hacker didn’t read this message or just doesn’t have the time now – from what Hasselbaink has said.

The protocol then posted another public message to reassure the attacker that “safe fund retrieval” still remains the top priority for it, reminding him of the safe return of lost funds with the previous hackers, which had collaborated by agreeing beforehand to return their stolen funds.

A message to the attacker (respond by nov 14th, 8am cet)

Yesterday we sent you an on-chain message on: https://t.co/HSyGGCxqOz.

It seems like you either missed this message, or decided to postpone a response in order to farm more rewards on LFJ and Stargate.

We are confident…

— DeltaPrime (@DeltaPrimeDefi) November 13, 2024

According to the post, DeltaPrime has set Nov. 14 as the deadline for an attacker to make overtures regarding the $4.8 million siphoned off in the hack. “If no words are said till that date then that will not be a white-hat hack, and the protocol, in this case, will crank things up, the post reads.

The latest attack is the second instance hackers have targeted the protocol, an incident that made the headlines in September this year after a loss of $6 million. It was then the attackers exploited weak private key security and took control to drain the vulnerable contract of the project.

Just like earlier reported by Blockchain sleuth ZachXBT, DeltaPrime had employed North Korean IT staff in the past. However, an analyst pointed out that all staffers against whom flags were raised were reportedly removed and so that case on whether or not the hack is somehow linked to North Korea remains open.

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Harsh Chauhan

Harsh Chauhan

Harsh is a seasoned crypto journalist and editor at NameCoinNews. With a wealth of experience across various industries, he has extensively covered Crypto, Blockchain, Web3, NFT, and AI. Holding a Blockchain Foundation certification, Harsh consistently delivers timely updates and incisive analyses, capturing the essence of the crypto industry.

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