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The 'hacker' of the Transit Swap refunds 70% of the $23 million in stolen funds

 The 'hacker' of the Transit Swap refunds 70% of the $23 million in stolen monies.So far, funds have been refunded in the form of Ether, Binance-pegged ETH, and BNB ($14.2 million). A quick response from a number of blockchain security firms aided in the recovery of approximately 70% of the $23 million exploit of decentralised exchange (DEX) aggregator Transit Swap.

Transit Swap ‘hacker’ returns 70% of $23M in stolen funds

On Oct. 1, a hacker exploited an internal bug in a swap contract, prompting a quick response from the Transit Finance team as well as security firms Peckshield, SlowMist, Bitrace, and TokenPocket, which were able to quickly work out the hacker's IP, email address, and associated-on chain addresses.

Less than 24 hours after the theft, Transit Finance reported that "with the combined efforts of all stakeholders," the hacker had returned 70% of the stolen assets to two addresses, totaling around $16.2 million.

According to BscScan and EtherScan, these money came in the form of 3,180 Ether (ETH) valued at $4.2 million, 1,500 Binance-Peg ETH valued at $2 million, and 50,000 BNB valued at $14.2 million.

According to the most recent update, "the project team is scrambling to collect the precise data of the stolen users and design a specific return strategy," but it also remains focused on recovering the remaining 30% of stolen monies.

At the moment, security companies and project teams from all stakeholders are still tracking the hacking issue and communicating with the hacker via email and on-chain techniques. "The team will continue to work tirelessly to retrieve further assets," it said. 

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