DeFi lending protocol DeltaPrime has issued an ultimatum to the perpetrators of its recent $4.8 million hack.
In a November 13 X post, the protocol’s co-founder, Gavin Hasselbaink, warned that legal action will be taken if the attacker fails to engage in dialogue, and efforts to track down the individual will intensify.
“As you are likely aware, we have several leads on your true identity, and eventually, we will be forced to pursue these in order to recover the user funds”
Hasselbaink noted.
The post indicates that if no communication is received by November 14, the final deadline for the attacker to negotiate regarding the stolen funds, the incident will no longer be classified as a white-hat hack. And the protocol will take further action.
Following the attack, DeltaPrime sent an on-chain message to the hacker, requesting communication about recovering the stolen funds. However, according to Hasselbaink, the attacker either “overlooked the message or chose to delay their response.”
The protocol stressed that its top priority is “safe fund retrieval” and assured the attacker of its commitment to maintaining anonymity. It also highlighted previous instances where attackers voluntarily returned stolen funds following successful negotiations.
DeltaPrime is a trustless lending protocol on Avalanche and Arbitrum, allowing users to deposit assets like $AVAX or $ARB into liquidity pools for others to borrow. Despite its design to enable decentralized lending, the platform’s repeated security breaches have raised concerns about the overall security of DeFi protocols.
This latest attack marks the second time DeltaPrime has been targeted by hackers, with the previous breach in September resulting in a $6 million loss. During that incident, the attackers exploited weak private critical security to control and drain the project’s vulnerable contract.
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