Transit Swap loses over $21M due to internal bug hack, issues apology
Cointelegraph
Published Oct 02, 2022 02:18AM ET
Updated Oct 02, 2022 04:00AM ET
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.
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Written By: Cointelegraph
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