According to on-chain data, a hacker stole $28.9 million from the cross-bridge decentralized finance (DeFi) network Transit Finance and sent 2,500 BNB tokens ($686,000) to the privacy protocol Tornado Cash. According to a blog post by Transit Finance, the hacker also consented to pay victims of the attack 10,000 BNB ($2.74 million). After a cordial discussion with white hat #1 (the most prominent hacker), both parties understood. Transit Finance Official Repayment White hat #1 pledged to repay an additional 3,500 BNB when Transit Finance Official starts the second round of reimbursements, saying he would refund the users’ 6,500 BNB as soon as feasible. 2,500 BNB will ultimately be kept as a bounty for this event by white hat #1. The Transit Finance Official thanked white hat #1 for the repayment, guaranteeing to release him from all legal obligations if he returns the remaining 3500 BNB as agreed. Locating Hacker’s IP Address $18.9 million was reimbursed last week after security companies assisted in locating the hacker’s IP address. DeFi, which is used to describe lending, trading, and other financial transactions done on a blockchain without conventional intermediaries, has been plagued with hacks since 2022. One such hack is the Transit Finance hack. Shortly after a $570,000 hack at Curve Finance in August, cryptocurrency market maker Wintermute had $160 million stolen from its DeFi division last month.The post Transit Fina...
