Transit Finance
Transit Swap ‘hacker’ returns 70% of $23M in stolen funds
A quick response from a number of blockchain security companies has helped facilitate the return of around 70% of the $23 million exploit of decentralized exchange (DEX) aggregator Transit Swap. The DEX aggregator lost the funds after a hacker exploited an internal bug on a swap contract on Oct. 1, leading to a quick response from the Transit Finance team along with security companies Peckshield, SlowMist, Bitrace and TokenPocket, who were able to quickly work out the hacker’s IP, email address and associated-on chain addresses. It appears these efforts have already borne fruit, as less than 24 hours after the hack, Transit Finance noted that “with joint efforts of all parties,” the hacker has returned 70% of the stolen assets to two addresses, equating to roughly $16.2 million. These...
