Transit Swap: Decoding the curious case of lost-and-partially found

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Transit Swap: Decoding the curious case of lost-and-partially found
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On 1 October, 2022, Transit Swap, was the latest victim of a hack wherein the organization lost $23 million. However, within 24 hours of the attack, the DEX aggregator received 70% of the stolen $23 million. This was due to a swift response from many blockchain security firms. The DEX aggregator lost the funds on […]

1/5 We are here to update the latest news about TransitFinance Hacking Event. With the joint efforts of all parties, the hacker has returned about 70% of the stolen assets to the following two addresses:In its most recent update, Transit Finance stated that it was dedicated to retrieving the remaining 30% of the stolen funds.

“The project team is rushing to collect the specific data of the stolen customers and design a detailed return strategy.”In addition to SlowMist, Bitrace, and TokenPocket, Peckshield joined the hunt for the hacker. According to Transit Swap, they had a tonne of trustworthy information, including the hacker’s IP, email address, and relevant on-chain addresses.

Furthermore, as of 3 October, the security companies and project teams of all parties are still keeping tabs on the hacking incident. Attempts to communicate with the hacker via email and on-chain methods are also underway. The team further promised to keep working hard to locate the rest of the stolen assets.Subscribe to get it daily in your inbox.

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