Blockchain News - DeltaPrime’s recent $4.7 million hack, its second in two months, highlights the ongoing security risks in DeFi, urging users to remain vigilant even with established platforms

https://www.the-blockchain.com/2024/11/11/deltaprime-hit-again-4-7-million-vanishes-in-second-devastating-hack-is-your-crypto-safe/

DeltaPrime, a decentralized crypto brokerage, has experienced its second major hack in two months, losing $4.7 million due to a vulnerability in its contract on the Avalanche and Arbitrum networks.

Despite DeltaPrime’s quick response to pause operations and contain the risk, the incident underscores the need for increased user vigilance on DeFi platforms, as even major players remain vulnerable to emerging threats.

This latest breach, coupled with previous security concerns, highlights the persistent risks and the importance of cautious engagement in the rapidly evolving DeFi ecosystem.