DeltaPrime sets deadline for attacker to resolve $4.8m hack

crypto.news · 2024-11-13T01:09:21+00:00

DeltaPrime has given a $4.8m hack attacker until 8am CET on 14 November to engage in dialogue regarding the safe return of the stolen funds. Co-founder Gavin Hasselbaink warned that failure to respond would lead to legal action and pursuit of the attacker's identity. The deadline is final; if no communication is forthcoming, the attack will cease to be treated as white-hat and the situation escalated. DeltaPrime suffered a previous hack in September resulting in a $6m loss, with weak private key security to blame.

crypto.news

2024-11-13 01:09:21

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Decentralized finance borrow and lending platform DeltaPrime sets deadline for attacker to engage in conversation on fund retrieval, threatening legal action.

DeltaPrime, a decentralized finance borrowing protocol that was hit by a $4.8 million hack on Nov. 11, has issued an ultimatum to the attacker, demanding a response by 8 AM CET on Nov. 14.

In an X post on Nov. 13, the protocol’s co-founder Gavin Hasselbaink warned that failure to open a dialogue would lead to legal action and the pursuit of the attacker’s identity.

“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

Following the attack, DeltaPrime sent an on-chain message to the hacker requesting communication regarding the recovery of the stolen funds. However, the attacker has either “missed this message, or decided to postpone a response,” Hasselbaink said.

In a public message, the protocol emphasized that its priority remains “safe fund retrieval,” reassuring the attacker of its commitment to anonymity, citing past collaborations with other attackers who had voluntarily returned stolen funds.

DeltaPrime has set Nov. 14 as the final deadline for the attacker to engage in negotiations over the $4.8 million stolen in the hack. If no communication occurs by that time, the incident will no longer be considered a white-hat hack, and the protocol will escalate the situation, the post reads.

The latest attack is the second time the protocol has been targeted by hackers, with the previous incident in September resulting in a $6 million loss. At the time, the attackers exploited weak private key security to take control of and drain the project’s vulnerable contract.

Blockchain sleuth ZachXBT previously pointed out that DeltaPrime had earlier employed North Korean IT workers. However, the analyst emphasized that all flagged personnel had been removed, leaving questions about any connection between the hack and North Korea unresolved.

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