Earlier this month, Transit Finance, a decentralized finance (DeFi), revealed that it was hacked for $21 million, marking the sheet as one of the last protocols to suffer exploitation this year.

In an unusual turn of events, the protocol has come out to announce that from its conversation with the biggest hacker, there is an agreement to return a significant part of the funds.

With Transit Finance ready to take on the hacking event as a white hat, the protocol said its lead hacker would return 6,500 BNB in ​​the first tranche and return another 3,500 BNB when the protocol has arrived with the promised payment reward.

“After friendly communication with the #1 white hat (the biggest hacker), we both came to a consensus. White hat #1 stated that he would refund users’ 6,500 BNB as soon as possible today and promised to refund another 3,500 BNB when TransitFinance Official starts the second phase of refunds. Ultimately, white hat #1 will keep 2,500 BNB as a reward for this event,” the protocol said in an announcement on Monday. “TransitFinance Official thanks white hat #1 for the refund and promises that if white hat #1 returns the remaining 3,500BNB as agreed, TransitFinance Official will no longer have any legal liability to him.”

The DeFi protocol said it has launched legal action, and while it will keep its promise not to file a lawsuit against Whitehat #1, it said it would not hesitate if other hackers do not return the stolen funds.

Relying on white hat hinged refunds is not uncommon and was made popular when the hacker who stole more than $610 million from the Poly Network interoperability network paid back the entire stolen funds last year.

When Poly Whitehat repaid the stolen money, many protocols began to attract hackers and some, such as Transit Finance, recorded success in their movements.

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