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Transit Finance Hacker Returns $2.74M to Victims, Sends $686K to Tornado Cash
Transit Finance hacker has sent $686,000 worth of BNB tokens to the sanctioned Tornado Cash protocol.
A hacker that swindled cross-bridge decentralized finance (DeFi) platform Transit Finance out of $28.9 million has transferred 2,500 BNB tokens ($686,000) to sanctioned privacy protocol Tornado Cash, on-chain data shows.
The hacker also agreed to return 10,000 BNB ($2.74 million) to victims of the exploit, according to a blog post by Transit Finance.
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This is in addition to $18.9 million that was returned last week after security firms helped track the hacker's IP address.
The Transit Finance hack is one of several that has plagued DeFi, umbrella term for lending, trading and other financial activities carried out on a blockchain without traditional middlemen, in 2022.
Last month, crypto market maker Wintermute had $160 million stolen out of its DeFi business, this came shortly after a $570,000 breach of Curve Finance in August.
The hacker has already returned 6,500 of the 10,000 BNB tokens, according to PeckShield.
UPDATE (Oct. 10, 2022 12:28 UTC): Adds link to 6,500 returned BNB.
Oliver Knight
Oliver Knight is the co-leader of CoinDesk data tokens and data team. Before joining CoinDesk in 2022 Oliver spent three years as the chief reporter at Coin Rivet. He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK. He does not currently have any crypto holdings.
