## DeltaPrime Unveils Comprehensive Reimbursement Plan Following Security Breach
DeltaPrime, a leading DeFi prime brokerage, has taken decisive action to address the recent security breach on September 16th that resulted in a loss of $5.98 million on the DeltaPrime Blue (Arbitrum) protocol. The company has announced a comprehensive reimbursement plan, prioritizing user recovery and long-term protocol stability.
A Multifaceted Approach to Reimbursement
DeltaPrime’s reimbursement strategy is designed to ensure that all affected users are fully compensated. Here’s a breakdown of the key components:
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Reimbursement Tokens (rTKNs):
Every affected user will receive rTKNs, representing $1 of future revenue until full reimbursement is achieved. These tokens are fungible and can be exchanged for their dollar equivalent over time as DeltaPrime generates revenue. Importantly, users will receive rTKNs equivalent to 1.4 times their losses in the attack, demonstrating DeltaPrime’s commitment to exceeding user expectations.*
Stability Pool Allocation:
The Stability Pool, built through platform revenue and liquidation fees, will contribute $1.33 million towards reimbursements, reducing the total impact to $4.65 million. This demonstrates the proactive approach taken by DeltaPrime to minimize the financial burden on affected users.*
Founders’ Contribution:
In a remarkable show of support, DeltaPrime’s founders have committed 33% of their team allocation of PRIME tokens for sale at a discounted rate to affected users. 100% of the dollars raised will be donated to ensure that every affected user is made whole as quickly as possible. This unprecedented move underscores the founders’ unwavering commitment to the community and its well-being.Incentives for Continued Participation
DeltaPrime recognizes the importance of user confidence and continued engagement. Users who maintain their savings within the protocol will benefit from accelerated reimbursement rates, receiving repayments twice as fast compared to those who withdraw entirely. This approach encourages sustained participation, supports the protocol’s recovery and growth, and ultimately leads to faster reimbursement for all affected parties.
Why Full Repayment is Anticipated
DeltaPrime is confident in its ability to achieve full repayment, citing its strong financial health and proven track record. Over its one-and-a-half years of operation, DeltaPrime has consistently demonstrated strong growth, with an average of $44 million in user deposits over 2024 and an average of $64 million over the 30 days prior to the attack. The protocol generated $2.7 million in revenue over 2024 (3.6 million annualized), showcasing its ability to generate substantial income even amid market challenges. These financial metrics provide a strong foundation for DeltaPrime to fulfill its reimbursement commitments while continuing to innovate and expand.
Enhanced Security Measures
DeltaPrime has taken swift action to enhance both protocol and operational security following the breach. The protocol is currently undergoing its 8th audit with renowned security provider BlockSec to further minimize smart contract risk. Additionally, DeltaPrime has implemented rigorous operational security protocols, including comprehensive internal security workshops, a replacement of all physical devices through a reputable supply chain, and enhanced monitoring systems for real-time threat detection. These measures are designed to safeguard user assets and rebuild trust within the community.
Building Back Trust
DeltaPrime is dedicated to rebuilding trust with its community through transparent communication and decisive action. The protocol’s ongoing security enhancements and strategic partnerships underscore its commitment to user fund safety and operational integrity. Detailed information about the reimbursement plan is available on the DeltaPrime website and any questions can be asked directly by joining the conversation on their Discord channel.