Nomad Bridge offers 10% bounty to recover stolen funds, whitehat hackers have returned $22M so far
Nomad Bridge has announced a 10% bounty for hackers who return at least 90% of the total funds in custody. In response, white hat hackers said he had returned $22 million as of August 5.
$190.7 million leaked from the bridge on August 1 after hackers stole 100 wBTC worth $2.3 million. The exploit was copied by hundreds of addresses and received their share of the hack.
according to update, White hat hackers who return up to 90% of their funds to official recovery addresses will not face legal action.
Update: Nomad Bridge Hack Bounty
(see below for details)
Please send funds to the official address of the Nomad Recovery Wallet on Ethereum: 0x94A84433101A10aEda762968f6995c574D1bF154. https://t.co/8gO1xVl5IC pic.twitter.com/8D7SvbDQlO
— Nomad (⤭⛓🏛) (@nomadxyz_) August 4, 2022
White Hat Hackers Advance
After the exploit, some of Nomad’s ethical friends identified themselves as part of the exploit and promised to return the funds.
I will return this money fbi pls keep calm. No, I didn’t mean to steal.yes i know this address is public
🍉 🍉 🍉.eth
Nomad— 🍉🍉🍉.eth (@SpaceWigger) August 2, 2022
A follow-up tweet from Nomad on Aug. 4 thanked several addresses that helped return $16.6 million to recovery addresses.
thank you very much
– 🍉🍉🍉.eth ($4 million)
– 0xE3F40743cc18fd45D475fAe149ce3ECC40aF68c3 ($3.4 million)
– darkfi.eth ($1.9 million)
– returner-of-beans.eth ($1 million)
–anime.eth ($900,000)
A total of $11.2 million was returned to the recovery address!A total of $16.6 million has been collected to date.
— Nomad (⤭⛓🏛) (@nomadxyz_) August 4, 2022
On August 5, blockchain security firm PeckShield confirmed that $22 million had been recovered. Data show that 11.6% of his stolen funds have been recovered, but 50% of the amount has not moved since the hack.
Stablecoins make up the majority of the returned assets. $6 million USDC, $2.88 million DAI, $2.81 million QCT, $2.1 million wBTC, $2 million USDT.
#PeckShieldAlert As of today (5 August 2022), ~11.6% ($22 million) of stolen funds @nomadxyz_ Funds Collection Address.
About $95 million (50% of stolen funds) is still stuck pic.twitter.com/HaVshS1fCy— PeckShieldAlert (@PeckShieldAlert) August 5, 2022
What’s next for Nomad?
Nomad said it is actively working with law enforcement and blockchain companies to ensure that all user funds are returned. Co-Founder and CEO of Nomad Pranay Mohan commented:
“The most important thing in crypto is the community and our biggest goal is to recover bridged user funds.”
As a warning to hackers not choosing the peaceful route, Nomad reiterated working with all relevant agencies to track down the stolen funds and prosecute the parties behind them accordingly.
