Funds stolen from Transit Swap sent to Tornado Cash

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The hacker who hacked the decentralized cross-chain exchange Transit Swap transferred part of the stolen funds to the Tornado Cash mixer and entered into correspondence with the project team.

On October 2, an unknown person withdrew assets worth about $21 million from Transit Swap. Later, the exchange team reported that the hacker returned 70% of the stolen funds and invited him to get in touch.

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On October 3, the attacker refunded the platform another 2,612 BNB (~$750,000) and sent a message signed to transactions. At the same time, he made 40 transfers of 100 BNB to Tornado Cash.

He expressed doubts about the sincerity of the Transit Swap developers’ proposals and stated that he should receive a large reward, citing the Nomad and Wintermute incidents. According to him, he only hacked the Ethereum and BNB Chain networks. In the event of an attack on other chains like Fantom, Tron, Polygon, production will reach $100 million, the hacker is sure.

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“It’s hard not to suspect that this is your official backdoor, and you should be happy that I implemented the exploit, and not someone else,” he commented on the exploited vulnerability in the code.

The developers denied his words, assuring that the bug was not intentional. They noted that the stolen funds belong to users and expressed hope for their return. The Transit Swap team also announced their readiness to increase the reward.

Hacker answered, who spent a lot of time auditing the project code and successfully exploited the vulnerability. He also announced his readiness to conduct a dialogue on the principles of remuneration for a discovered bug.

“We appreciate your response and refund, we consider your actions as testing, not an attack. All these funds belong to users, we hope you continue to return and sincerely invite you to start friendly communication about the bug bounty right now, thank you!”, — wrote developers.

In May, the Wormhole project team paid $10 million to a white hat hacker who discovered a critical vulnerability in the protocol.

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Source: Cryptocurrency

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