Transit Finance Smart Contract Vulnerability: $1.88M Reported Loss
Decentralized cross-chain aggregation protocol Transit Finance suffered an exploit on its deprecated (2022-era) TRON smart contract, resulting in approximately $1.88 million in DAI being drained.
- Reported loss
- $ 1,880,000
- Attack category
- Smart Contract Vulnerability
Incident Overview
The stolen funds were transferred to an Ethereum address. The team confirmed it was isolated to legacy code, stated that current contracts are secure, completed remediation on May 12, and promised full user compensation. They sent an on-chain message to the attacker offering a bug bounty for return within 48 hours, or they would pursue legal action.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.