Hacker Returns 70% of Funds Stolen in Transit Swap Exploit

Another day, another crypto hack, but this one has a happy ending. Following the $23 million exploit of the DEX aggregator Transit Swap, the attacker has now returned 70% of that sum, with the rest expected to follow soon.

According to the blockchain security company, PeckShield, the hacker took advantage of a bug in Transit’s swap contract. In a lovely example of solidarity in the crypto industry, other security firms – SlowMist, TokenPocket, and Bitrace, then joined forces with PeckShield. Together, they were able to expressly identify the hacker’s IP, and wallet and e-mail addresses.

Thus cornered, he agreed to return the stolen crypto. Most of the assets received so far come in the form of some 3,000 ETH, 1500 Binance-pegged ETH, and 50,000 BNB tokens. Transit Swap will now start the process of returning the funds to their rightful owners.