Transit Finance suffers a $1.88M DeFi exploit, highlighting vulnerability in cross-chain swaps as regulations tighten on security.
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The latest breach highlights ongoing vulnerabilities in cross-chain systems targeted by sophisticated attackers.
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Transit Finance, a cross-chain swap aggregator that routes trades across more than a dozen blockchain networks, appears to have been exploited for $1.8 million in DAI stablecoins, according to blockchain security firm PeckShield.
The firm flagged the breach on Wednesday and identified a single Ethereum address currently holding the stolen funds.
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