Ethical hackers recover $9 million for Nomad after stealing $190 million

According to a report by blockchain security firm PackShield, ethical hackers aka white hat hackers who received funds from cross-chain token Bridge Nomad during an attack on crypto have started returning the funds to wallet addresses belonging to the company. have done. About $9 million (about Rs. 71 crore) has been recovered in this way so far, which is about 4.75 percent of the total loss. Following the attack on Nomad, in which $190 million (roughly Rs. 1,505 crore) was stolen, the company on Wednesday published a wallet address to recover the tokens.

Data from Etherscan shows that the tokens returned so far include $3.75 million in USD coins, $2 million in Tether (approx. Rs. 15.8 crore), $1.4 million in Covalent Query tokens (approx. Rs. 11 crore) and $1.2 million in Frax (approx. Rs. 9.5 crore). Rs.) included. About).

Most of the funds came from well-known Ethereum name service domain wallet addresses, and these individuals were among the 300 wallets that participated in the hack. However, ethical hackers acted quickly to ensure the safety of Nomad’s funds during the incident, when the protocol requested a refund in a tweet following the attack.

The security firm estimates that three main addresses still hold about 50 percent of the stolen crypto. 10 percent of these hackers have ENS domain addresses and have about $6 million (roughly Rs. 47.5 crore) in stolen funds. The Nomad team has confirmed that they are actively collaborating with legal agencies and a top chain analysis company, TRM Labs, to find funding.

After recovering more than $20 million (roughly Rs. 158 crore) so far, Nomad said the company is offering up to 10 percent reward to hackers for obtaining user funds.

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