A hacker that swindled cross-bridge decentralized finance (DeFi) platform Transit Finance out of $28.9 million has transferred 2,500 BNB tokens ($686,000) to sanctioned privacy protocol Tornado Cash, on-chain data shows.
The hacker also agreed to return 10,000 BNB ($2.74 million) to victims of the exploit, according to a blog post by Transit Finance.
The Transit Finance hack is one of several that has plagued DeFi, umbrella term for lending, trading and other financial activities carried out on a blockchain without traditional middlemen, in 2022.
Last month, crypto market maker Wintermute had $160 million stolen out of its DeFi business, this came shortly after a $570,000 breach of Curve Finance in August.
The hacker has already returned 6,500 of the 10,000 BNB tokens, according to PeckShield.
UPDATE (Oct. 10, 2022 12:28 UTC): Adds link to 6,500 returned BNB.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.