Transit Finance Hit by $1.8M DAI Exploit, PeckShield Says

TLDR Transit Finance lost $1.8 million in DAI after attackers exploited the cross-chain swap protocol. Blockchain security firm PeckShield traced the stolen funds to a single Ethereum wallet. The exploit adds to more than $600 million in DeFi losses recorded in April alone. Kelp DAO and Drift Protocol accounted for most of April’s hacking losses. [...]

The post Transit Finance Hit by $1.8M DAI Exploit, PeckShield Says appeared first on Blockonomi.