Delta Prime, a decentralized finance (DeFi) protocol known for its operations on the Avalanche and Arbitrum networks, recently suffered a significant security exploit, resulting in the loss of an estimated $4.8M in crypto assets. The exploit is DeltaPrime’s second major security incident this year, following a $6 million hack in September. This recent breach is attributed to vulnerabilities within the protocol’s periphery adaptor contract.
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Wrapped Bitcoin (WBTC), a popular ERC-20 wrapped version of bitcoin that also has versions on other chains, has seen its supply contract slightly since Justin Sun’s involvement was announced. A Dune analytics dashboard created by 21.co that tracks the supply of WBTC on Ethereum suggests that the supply of WBTC on Ethereum has contracted by 3.7% over the last month. The largest burns in the last month seem to have come from Coinlist, FalconX, and Abra.
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