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Hackers Return $9M to Nomad Bridge After $190M Exploit
The popular Ethereum to Moonbeam bridge is working with law enforcement and data analytics firms.
Updated May 11, 2023, 6:55 p.m. Published Aug 3, 2022, 9:52 a.m. 1 min read
Hackers sent back $9 million to Nomad a day after the cross-chain bridge was exploited for $190.4 million.
- Blockchain security company PeckShield said the amount returned equates to around 4.75% of the total loss.
- The protocol, which allows users to transfer tokens from Ethereum to other chains like Evmos and Moonbeam, requested "white hat hackers" and "ethical researchers" to return funds in a tweet at 04:05 UTC.
- The statement reads: "We are actively working with a leading chain analysis firm and law enforcement to trace funds. All involved are prepared to take necessary action in the coming days."
- "If you took ETH/ERC-20 tokens with the intention of returning them, we now have a process for you to do so," the statement said.
- Crypto custodian Anchorage Digital will handle and safeguard the returned assets.
- The majority of returned funds have been stablecoins, with $3.8 million USDC and $2 million USDT being sent back by multiple addresses.
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