Key Points:
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.
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
ETFSwap (ETFS) utility token receives honorable mention as popular crypto analyst reveals top 10 high…
As Bitcoin’s founder mystery remains unsolved, Bitcoin’s popularity and adoption are increasing by the day.
London, United Kingdom, May 6th, 2024, ChainwireGBM Auction (https://gbm.auction), the Bid-to-Earn Auction company, is thrilled…
ColleAI is an innovative multi-chain AI NFT platform that aims to revolutionize how we create…
BioMatrix, an L1 blockchain wealth distribution platform aimed at providing a globally accessible UBI to…
Explore the latest crypto trends, Ethereum's status, Bitcoin ETFs, and crypto market dynamics. Learn about…
This website uses cookies.