The change of heart is the result of a week of friendly deliberation, according to TransitFinance.
Last week, TransitFinance was exploited by multiple hackers who made off with nearly $23 million in ETH, Binance-pegged ETH, and BNB.with PeckShield and other blockchain security firms – stated that it had tracked the attackers and knew, with relative certainty, who they truly were. Most funds have since been returned, with TransitFinance promising to prosecute the hackers who refuse to transfer back theirs.
“I don’t believe you because you are not sincere. I only exploited eth and bsc chains. […]With reference to past Nomad and Wintermute events, I should get a higher bounty than what I get now. It’s hard not to suspect that this is your official backdoor, and you should be happy that the exploit was done by me and no one else.”
It appears that the team at TransitFinance has indeed reached out to the hacker and hashed things out, according to a recentIn the update, TransitFinance stated that for the past week, the team had been engaged in friendly communication with the most prominent hacker – now referred to as “white hat #1”. As a result of said close communication, white hat #1 will keep a bigger bounty than initially offered, and TransitFinance users will get their funds back.
As a reward for their cooperation, the white hat hacker will retain a bounty of 2,500 BNB. TransitFinance has stated that if they keep their word, no further action will be taken, and they will be absolved of all legal responsibility. The update ends with a list of addresses belonging to unresponsive exploiters, who – according to the team at TransitFinance – will be prosecuted to the full extent of the law if they do not return the remaining funds by the 12th of October.
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