{"id":252792,"date":"2022-08-05T14:00:40","date_gmt":"2022-08-05T13:00:40","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=252792"},"modified":"2022-08-05T13:43:32","modified_gmt":"2022-08-05T12:43:32","slug":"nomad-bridge-offers-10-bounty-to-recover-stolen-funds-whitehat-hackers-have-returned-22m","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/nomad-bridge-offers-10-bounty-to-recover-stolen-funds-whitehat-hackers-have-returned-22m\/","title":{"rendered":"Nomad Bridge offers 10% bounty to recover stolen funds, whitehat hackers have returned $22M so far"},"content":{"rendered":"<p>Nomad Bridge has announced a 10% bounty for hackers who return at least 90 % of the total funds in their custody. In response, Whitehat hackers have returned $22 million as of August 5.<\/p>\n<p>The bridge was drained of $190.7 million on <a href=\"https:\/\/cryptoslate.com\/nomad-bridge-drained-of-190m-after-hundreds-of-addresses-copy-hackers-code\/\">August 1<\/a> after a hacker stole 100 wBTC worth $2.3 million. The exploit was copied by hundreds of addresses which saw them receive a share of the hack.<\/p>\n<p>According to the <a href=\"https:\/\/medium.com\/nomad-xyz-blog\/nomad-bridge-hack-bounty-and-faqs-d7726aaf359e\">update,<\/a> whitehat hackers who return up to 90% of the funds to the official recovery address will not be subjected to any legal action.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Update: Nomad Bridge Hack Bounty<\/p>\n<p>(see below for details)<\/p>\n<p>Please send the funds to the official Nomad recovery wallet address on Ethereum: 0x94A84433101A10aEda762968f6995c574D1bF154 <a href=\"https:\/\/t.co\/8gO1xVl5IC\">https:\/\/t.co\/8gO1xVl5IC<\/a> <a href=\"https:\/\/t.co\/8D7SvbDQlO\">pic.twitter.com\/8D7SvbDQlO<\/a><\/p>\n<p>&mdash; Nomad (\u292d\u26d3\ud83c\udfdb) (@nomadxyz_) <a href=\"https:\/\/twitter.com\/nomadxyz_\/status\/1555293965049630722?ref_src=twsrc%5Etfw\">August 4, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Whitehat Hackers coming forward<\/h2>\n<p>In the wake of the exploit, some ethical friends of Nomad came up to identify as being a part of the exploit and promised to return the funds.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">im returning this money, fbi pls calm down. no i didnt plan to steal it and yes i know this address is doxed <\/p>\n<p>\ud83c\udf49 \ud83c\udf49 \ud83c\udf49.eth<br \/>Nomad<\/p>\n<p>&mdash; \ud83c\udf49\ud83c\udf49\ud83c\udf49.eth (@SpaceWigger) <a href=\"https:\/\/twitter.com\/SpaceWigger\/status\/1554270014445871104?ref_src=twsrc%5Etfw\">August 2, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In a follow-up tweet from Nomad on August 4, it appreciated some addresses that contributed to returning $16.6m to its recovery address.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Thank you to<br \/>&#8211; \ud83c\udf49\ud83c\udf49\ud83c\udf49.eth ($4m)<br \/>&#8211; 0xE3F40743cc18fd45D475fAe149ce3ECC40aF68c3 ($3.4m)<br \/>&#8211; darkfi.eth ($1.9m)<br \/>&#8211; returner-of-beans.eth ($1m)<br \/>&#8211; anime.eth ($900k)<br \/>for returning a total of $11.2m to our recovery address! <\/p>\n<p>We\u2019ve recovered a total of $16.6m so far.<\/p>\n<p>&mdash; Nomad (\u292d\u26d3\ud83c\udfdb) (@nomadxyz_) <a href=\"https:\/\/twitter.com\/nomadxyz_\/status\/1555045760588140544?ref_src=twsrc%5Etfw\">August 4, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On August 5, blockchain security firm PeckShield confirmed that $22 million has been recovered. The data showed that 11.6% of the stolen funds have been recovered, while 50% of the amount has not moved since the hack.<\/p>\n<p>Stablecoins make a large portion of the returned assets, with <span style=\"font-weight: 400;\">$6 million USDC, $2.88 million DAI, $2.81 million QCT, $2.1 million wBTC, and $2 million USDT.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/PeckShieldAlert?src=hash&ref_src=twsrc%5Etfw\">#PeckShieldAlert<\/a> As of today (August 5, 2022), \uff5e11.6% ($22m) of stolen funds have returned to the <a href=\"https:\/\/twitter.com\/nomadxyz_?ref_src=twsrc%5Etfw\">@nomadxyz_<\/a> Funds Recovery Address. <br \/>~$95m (50% of stole funds) have no further movement yet <a href=\"https:\/\/t.co\/HaVshS1fCy\">pic.twitter.com\/HaVshS1fCy<\/a><\/p>\n<p>&mdash; PeckShieldAlert (@PeckShieldAlert) <a href=\"https:\/\/twitter.com\/PeckShieldAlert\/status\/1555484266082942976?ref_src=twsrc%5Etfw\">August 5, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>What's next for Nomad?<\/h2>\n<p>Nomad stated it is actively working with law enforcement agents and blockchain firms to see that all users' funds are returned. Co-founder and CEO of Nomad Pranay Mohan commented:<\/p>\n<blockquote><p>\u201cThe most important thing in crypto is community, and our number one goal is restoring bridged user funds.\u201d<\/p><\/blockquote>\n<p>As a warning to hackers who will not take the peaceful route, Nomad reiterated that it has engaged all relevant agencies to trace the stolen funds and prosecute the parties behind them accordingly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nomad Bridge has announced a 10% bounty for hackers who return at least 90 % of the total funds in their custody. In response, Whitehat hackers have returned $22 million as of August 5. The bridge was drained of $190.7 million on August 1 after a hacker stole 100 wBTC worth $2.3 million. The exploit [&hellip;]<\/p>\n","protected":false},"author":1378,"featured_media":252865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76799,16041],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nomad Bridge offers 10% bounty to recover stolen funds, whitehat hackers have returned $22M so far<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/nomad-bridge-offers-10-bounty-to-recover-stolen-funds-whitehat-hackers-have-returned-22m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nomad Bridge offers 10% bounty to recover stolen funds, whitehat hackers have returned $22M so far\" \/>\n<meta property=\"og:description\" content=\"Nomad Bridge has announced a 10% bounty for hackers who return at least 90 % of the total funds in their custody. 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