Transit Swap loses over $21M due to internal bug hack, issues apology

“We are deeply sorry,” stated Transit Swap while revealing that a bug in the code allowed a hacker to make away with an estimated $21 million.

Transit Swap, a multi-chain decentralized exchange (DEX) aggregator, lost roughly $21 million after a hacker exploited an internal bug on a swap contract. Following the revelation, Transit Swap issued an apology to the users while efforts to track down and recover the stolen funds are underway.
“We are deeply sorry,” stated Transit Swap while revealing that a bug in the code allowed a hacker to make away with an estimated $21 million. Blockchain investigator Peckshield narrowed down the attack to a compatibility issue or misplaced trust in the swap contract.
pic.twitter.com/KJ7u5xoxBp
— Transit Swap NFT (@TransitFinance) October 2, 2022
Peckshield, along with other investigators, including SlowMist, Bitrace and TokenPocket joined in on the pursuit to track down the hacker. Transit Swap stated:
“We now have a lot of valid informati

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We współpracy z: https://cointelegraph.com/news/transit-swap-loses-over-21m-due-to-internal-bug-hack-issues-apology

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