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Nomad Places Bounty On Over $190 Million Stolen From Bridge

Crypto bridge, Nomad has offered a 10 percent bounty on the $190 million hacked from the beige earlier this week.

The firm, in a tweet, promised that anyone who returns 90 percent of the stolen funds will not be regarded as a criminal.

Nomad has also promised not to prosecute the individual, as a way of recouping lost funds.

According to the firm, such individuals will be considered a “white hat” — hackers who work with companies to probe their networks, in some cases taking payment in exchange for pointing out security flaws.

“Nomad is continuing to work with its community, law enforcement, and blockchain analysis firms to ensure all funds are returned,” the tweet read.

Recall that hackers who exploited the cross-chain blockchain protocol Nomad washed off over $190 Million from the protocol’s funds.

The incident was observed after a suspicious transaction removing 100 wrapped Bitcoin (WBTC) worth $2.3 million from the bridge shortly after other tokens were exploited.

Confirming the attack, Nomad said via Twitter “We are aware of the incident involving the Nomad token bridge. We are currently investigating and will provide updates when we have them.

“We’re aware of impersonators posing as Nomad and providing fraudulent addresses to collect funds. We aren’t yet providing instructions to return bridge funds. Disregard comms from all channels other than Nomad’s official channel.

” We are working around the clock to address the situation and have notified law enforcement and retained leading firms for blockchain intelligence and forensics,

“Our goal is to identify the accounts involved and to trace and recover the funds,” it said.

 

 

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Ethereum1,889.8 0.33 % 0.67 % 11.23 %
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