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DeFi

Nomad Attacker Address Transfers 1205 ETH To Tornado Cash

January 9, 2023 - Around 2 mins mins to read

Key Points:

  • Nomad Bridge’s stolen funds are still unknown, but attackers’ actions are always actively monitored.
  • According to PeckShieldAlert monitoring data, attackers transferred 1,205 ETH (about $1.5 million) to Tornado Cash.
  • The team has been trying to recover funds for users, but the amount recovered is too small compared to the more than $190 million stolen in August.
It has been more than 4 months since. Nomad Bridge was attacked. However, the stolen funds have not been fully recovered yet, a movement has just been revealed that shows the attackers are still trying to withdraw the stolen funds using crypto mixer platforms.
Nomad Attacker Address Transfers 1205 ETH To Tornado Cash

According to PeckShieldAlert monitoring data, attackers in the cross-chain interoperability protocol Nomad attack incident transferred 1,205 ETH (about $1.5 million) to Tornado Cash.

In early August, the Nomad bridge appeared to have experienced a security exploit that allowed hackers to systematically drain the bridge’s funds over a long series of transactions. Nearly the entire $190.7 million in crypto has been removed from the bridge.

To date, a total of more than $30 million stolen has been recovered by Nomad, but it is still a small number compared to the amount that the platform suffered. The company promised that no legal action would be taken against individuals who returned the tokens to a designated return address, and Nomad made the announcement that it would pay a 10% reward to everyone who did so.

Nomad Attacker Address Transfers 1205 ETH To Tornado Cash

Previously, at the end of August, a transaction was detected on-chain that the attackers transferred $7.5 million worth of tokens (the value at the time) to an unknown wallet address.

Over 2 weeks ago, the Nomad Bridge was relaunched. The team has been putting a lot of effort into recovering funds and implementing the required adjustments to properly restart the Nomad Token Bridge ever since it was hacked. Holders of madAssets could be able to use the updated bridge to retrieve their recovered funds after the relaunch.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News

madAssets

Nomad

nomad bridge

Nomad Token Bridge

Tornado cash

Avatar of Harold

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
DeFi, Scam Alert

Nomad Attacker Address Transfers 1205 ETH To Tornado Cash

Key Points:

  • Nomad Bridge’s stolen funds are still unknown, but attackers’ actions are always actively monitored.
  • According to PeckShieldAlert monitoring data, attackers transferred 1,205 ETH (about $1.5 million) to Tornado Cash.
  • The team has been trying to recover funds for users, but the amount recovered is too small compared to the more than $190 million stolen in August.
It has been more than 4 months since. Nomad Bridge was attacked. However, the stolen funds have not been fully recovered yet, a movement has just been revealed that shows the attackers are still trying to withdraw the stolen funds using crypto mixer platforms.
Nomad Attacker Address Transfers 1205 ETH To Tornado Cash

According to PeckShieldAlert monitoring data, attackers in the cross-chain interoperability protocol Nomad attack incident transferred 1,205 ETH (about $1.5 million) to Tornado Cash.

In early August, the Nomad bridge appeared to have experienced a security exploit that allowed hackers to systematically drain the bridge’s funds over a long series of transactions. Nearly the entire $190.7 million in crypto has been removed from the bridge.

To date, a total of more than $30 million stolen has been recovered by Nomad, but it is still a small number compared to the amount that the platform suffered. The company promised that no legal action would be taken against individuals who returned the tokens to a designated return address, and Nomad made the announcement that it would pay a 10% reward to everyone who did so.

Nomad Attacker Address Transfers 1205 ETH To Tornado Cash

Previously, at the end of August, a transaction was detected on-chain that the attackers transferred $7.5 million worth of tokens (the value at the time) to an unknown wallet address.

Over 2 weeks ago, the Nomad Bridge was relaunched. The team has been putting a lot of effort into recovering funds and implementing the required adjustments to properly restart the Nomad Token Bridge ever since it was hacked. Holders of madAssets could be able to use the updated bridge to retrieve their recovered funds after the relaunch.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News