https://medium.com/@TransitSwap/updates-about-transitfinance-bd03fa8e9f0d
Transit Swap Will Bear 100% of the User's Losses, Returning Hacked Assets on October 7th
Dear users, we are deeply sorry for the incident of TransitFinance being hacked. We are here to update the latest progress and solutions:
1. In a responsible attitude to users, TransitFinance will eventually refund 100% of the user’s losses. TransitFinance will refund the hacked assets in two steps. The first part is to refund the assets that the hackers have returned, and the second part is to return the remaining unreturned users’ assets of the hackers. The refund plan for the second part will be announced as soon as possible.
2. The Transit Hacking Event website will be updated today so that users can check whether the personal loss data is accurate, and the first part of the refund asset will be accessible to claim on October 7th. Refund link, https://www.transit.finance/event/index.html#/
3. We hope that all hackers, attack imitators, and front-running arbitrageurs involved in this event will negotiate amicably according to the bug bounty and refund reward (5% of the relevant amount), and return the remaining user assets. As of October 8, 2022, we will regard hackers, attack imitators and front-running arbitrageurs who have not returned user assets as attackers, and assist users to start relevant legal procedures together, seek the intervention of law enforcement agencies, until all hacked funds are recovered.
We sincerely appreciate your patience and trust, and we are sorry for the inconvenience caused! At the same time, for all the relevant users in the community, please do not believe in or spread rumors, to avoid the secondary damage!
Joy