Hacker returns 70% of $21 million taken from Transit Swap DEX

Quick Take

  • $21 million was stolen from multi-chain DEX Transit Swap overnight.
  • The hacker later returned 70% of the funds. 

A hacker stole $21 million from decentralized exchange (DEX) Transit Swap, later returning about 70% of it.

The multi-chain DEX revealed the hack happened after an attack on a bug in its code, which it identified through a self-review, it said today on Twitter. Working in conjunction with SlowMist, Bitrace, PeckShield and TokenPocket, the firm acquired relevant information, including valid information on the hacker, its post confirmed.

"We now have a lot of valid information such as the hacker's IP, email address, and associated on-chain addresses. We will try our best to track the hacker and try to communicate with the hacker and help everyone recover their losses," it read. 


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Transit Swap later confirmed that the hacker had returned 70% of the funds. "With the joint efforts of all parties, the hacker has returned about 70% of the stolen assets to the following two addresses," the post read.

The $21 million hack is perhaps the most high-profile exploit since crypto market maker Wintermute was hacked for $160 million on Sept. 20. Hacks have been on the rise throughout the year, according to Crypto analytics firm Chainalysis, which said that they are significantly outpacing last year’s numbers.

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About Author

Adam Morgan is a reporter covering cryptocurrency, financial markets, and economics – anything from price movements, earnings reports, and inflation to the U.S. Federal Reserve interest rate decisions and everything in between. Adam is based in London.