BREAKING: Transit Finance exploited for $1.87M in DAI
Transit Finance suffered a $1.87M DAI exploit. Funds currently held by attacker on Ethereum.
Attack details:
Funds originated from Tron, moved to Ethereum
Attacker wallet shows limited activity besides exploit transfers
$1.87M ethereum:0x6b175474e89094c44da98b954eedeac495271d0f still sitting in attacker's address
This follows the standard white-hat negotiation playbook: trace funds, preserve evidence, offer bounty, threaten legal action.
48-hour countdown started. Will attacker take the deal or risk full prosecution?
Lost funds to exploits? Contact Hackless for forensic recovery.
📣 Transit Announcement
Regarding a recent incident related to historical legacy risks, we would like to share the following update:
1️⃣ Cause of the Incident
The issue was related to an early-version smart contract previously deployed on TRON. Although this legacy contract had been deprecated since 2022, historical vulnerabilities within it were recently exploited, affecting a limited number of users.
2️⃣ Actions Taken
Upon discovery, our team immediately carried out investigation, isolation, and mitigation measures, followed by additional review and remediation on May 12, 2026. Users do not need to take any action.
The current smart contract version remains unaffected and has been operating securely for over four years, with ongoing security audits, testing, and monitoring in place. We will continue strengthening the management of legacy contracts and potential on-chain risks to further improve overall security.
3️⃣ Compensation
Affected users will receive full compensation, with further details to be announced through our official channels.
4️⃣ Security Reminder
• Please remain cautious of unsolicited messages or accounts claiming to represent Transit Finance.
• Never share your private key or seed phrase with anyone.
Transit Team