Transit Swap, a multichain decentralized exchange aggregator, lost about $21 million after it was exploited by hackers in a bug within the swap contract. Following the revelation, Transit Swap apologized to users. And confirm will try to track down and recover the stolen money which is in progress.
“We are deeply sorry,” Transit Swap said, while revealing that a bug in the code has allowed the hacker to generate approximately $21 million, with blockchain security firm PeckShield, SlowMist, Bitrace and TokenPocket participating in the hack. chasing hackers
“We now have a lot of valid information, such as the hacker’s IP, email address, and associated on-chain addresses. We will do our best to track down hackers and try to communicate with hackers and help everyone recover their losses.”
The image below shows the flow of stolen assets, as shared by PeckShield.
Ongoing investigations imply that hackers may have withdrawn funds from previous exchanges, with Transit Swap promising to share more details with the community in a timely manner. “Thank you for your understanding and trust.”
About progress:
1/4 At present, the security companies and project teams of all parties are still continuing to track the hacking incident and communicate with the hacker through email and on-chain methods. The team will continue to work hard to recover more assets.
— Transit Swap | Transit Buy | NFT (@TransitFinance) October 2, 2022
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