*Crypto brokerage DeltaPrime has reportedly fallen victim to a $4.7 million hack—the second security breach since September.*

In a fresh blow to decentralized finance (DeFi) security, DeltaPrime, a well-known crypto protocol, has reportedly lost $4.75 million in digital assets following an alleged hacking incident. The exploit targeted multiple pools on the Arbitrum network, prompting blockchain analysts to sound the alarm. Backed by industry giants such as Avalanche and GSR Markets, DeltaPrime's reputation has taken a hit, especially given that this marks its second major breach in just two months.

On Monday, November 11, blockchain analytics firm CertiK reported that the attacker had drained pools on both the Avalanche and Arbitrum networks, siphoning funds through a vulnerability in the periphery adaptor contract. The stolen funds have since been tracked to an address starting with 0x56…634c, where they currently reside.

DeltaPrime confirmed the incident shortly after reports surfaced, citing that the hackers managed to exploit weaknesses in their pools, resulting in the loss of $4.75 million worth of various crypto tokens.

**A Troubling Pattern of Security Lapses**

This incident follows another major hack in September, where DeltaPrime suffered a $6 million loss due to vulnerabilities in private key security. That exploit allowed attackers to take control of and drain assets from an exposed contract. For DeltaPrime, the latest attack compounds a troubling series of security challenges and raises questions about the protocol's resilience and protection measures.

ZachXBT, a blockchain investigator, previously revealed that DeltaPrime had employed several North Korean IT professionals, although the company claims all flagged individuals were dismissed. Speculation around a potential North Korean link to the hack remains open, though no concrete connection has been established.

**DeltaPrime’s Rapid Rise and Ongoing Challenges**

Launched on the Avalanche network in January 2023, DeltaPrime rapidly grew to manage over $63 million in total value locked (TVL) and had facilitated more than $20 million in liquidity, according to the protocol’s website. Early support from investment firms like GSR Capital, Moonhill Capital, and Uplift added to its credibility and helped DeltaPrime establish a solid foothold in the DeFi ecosystem.

Despite this support, the platform’s susceptibility to repeated attacks has fueled concerns about its operational security. As users and investors grapple with another significant loss, the pressure is on DeltaPrime to implement stricter safeguards and improve its approach to risk management.

With each new incident, the stakes in securing DeFi platforms become clearer. For DeltaPrime, this second attack could be a critical turning point in its journey to restore trust and resilience—or a grim reminder of the risks inherent in decentralized finance.