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Hackers Send Back $9M to Nomad Bridge After $190M Exploit

Security

www.coindesk.com 03 August 2022 10:44, UTC
  
Reading time: ~2 m

Hackers sent back $9 million to Nomad a day after the cross-chain bridge was exploited for $190.38 million.

Blockchain security company PeckShield said $9 million has been returned so far, equating to around 4.75% of the total loss.

The protocol, which allows users to transfer tokens from Ethereum to other chains like Evmos and Moonbeam, requested "white hat hackers" and "ethical researchers" to return funds in a tweet at 04:05 UTC.

The statement reads: "We are actively working with a leading chain analysis firm and law enforcement to trace funds. All involved are prepared to take necessary action in the coming days."

"If you took ETH/ERC-20 tokens with the intention of returning them, we now have a process for you to do so."

Crypto custodian Anchorage Digital will handle and safeguard the returned assets.

The majority of returned funds have been stablecoins, with $3.78 million USDC and $2 million USDT being sent back by multiple addresses.


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