Decentralized exchange aggregator Transit Swap, which was recently hacked, reported that the attacker returned 70% of the funds. The company received $16.2 million back from $23 million worth of stolen assets.
Transit Swap was hacked on October 1st. Thanks to an internal error in the smart contract of the aggregator, the hacker was able to access the funds and withdraw them. After the discovery of the attack, the Transit Finance team, together with specialists from Peckshield, SlowMist, Bitrace and TokenPocket, began investigating the incident.
They managed to determine the attacker’s IP address, his email address and wallets in various blockchains. It seems that the hacker was afraid of persecution and decided to return most of the stolen funds. The attacker recovered 3,180 ETH, 50,000 BNB and 1,500 wrapped ETH on Binance Smart Chain.
The Transit Finance team continues to work to recover the remaining stolen funds and is in talks with the hacker.
“The key reason for the hack is that the Transit Swap protocol does not strictly check the data transmitted by the user during the exchange of tokens, which makes it possible to steal tokens using external calls,” SlowMist said.
At the end of September, the cryptocurrency market maker Wintermute reported a hack and theft of assets worth $160 million.
Source: Bits

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