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May 13, 2026

Transit Finance Loses $1.88 Million in Cross-Chain DeFi Exploit

Cross-chain DeFi protocol Transit Finance was exploited for $1.88 million in DAI, with stolen funds sitting in a fresh Ethereum wallet. This marks another hack for the protocol.

May 13, 2026·2 sources
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May 7, 2026

Coinbase Faces Lawsuit Over Frozen $55 Million in DAI

A crypto whale filed a lawsuit against Coinbase after the exchange froze approximately $55 million in DAI linked to a sophisticated hack, with the plaintiff seeking restitution on multiple counts including unjust enrichment.

May 7, 2026·2 sources
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Top claims

  • ▪Attackers in the Ink Finance exploit on Polygon reportedly abused a treasury proxy whitelist flaw through a flash loan attack.
  • ▪Transit Finance provided a 48-hour window for a potential white-hat resolution with the attacker.
  • ▪The October 2022 Transit Finance attacker exploited a composability issue that allowed unauthorized arbitrary external calls, draining user-approved tokens across multiple chains.

Topics

DeFiDeFi security exploitsStablecoinsCrypto hacksBlockchain interoperabilityCrypto regulation
Crypto custody regulation
Crypto exchanges

Related entities

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