White Hat Hackers Give $9 Million to Nomad After $190 Million Exploit

Blockchain security startup PeckShield has reported “ethical hackers also known as white hat hackers” who protected the assets for the blockchain token bridge. Nomads during the crypt assault have begun returning them to a wallet belonging to the company.

Approximately $9 million (roughly Rs. 71 crores) has been recouped thus far. Which amounts to approximately 4.75 percent of the overall loss. After an attack on Nomad resulted in the theft of over $190 million (approximately Rs 1,505 crore) in assets. The company provided a wallet address for the recovery of the tokens on Wednesday.

According to information obtained from Etherscan, the tokens that have been returned. So far include $3.75 million worth of USD coins, $2 million worth of Tether (about Rs. 15.8 crores), $1.4 million worth of Covalent Query tokens (approximately Rs. 11 crores), and $1.2 million worth of Frax (approximately Rs. 9.5 crores).

Ethereum Name Service wallet addresses that are known to be involved in the theft are responsible for the majority of the stolen cash. To differentiate themselves from the attackers, ethical hackers responded immediately to a protocol request. To return funds in a Tweet sent out after the attack to ensure Nomad’s money was safe.

It is anticipated that three prime addresses still hold roughly half of the stolen crypto. And ENS domain addresses are used by 10% of the hackers with a total of $6 million in stolen monies (approximately Rs. 47.5 crores). According to TRM Labs and law enforcement, the Nomad team has confirmed that they are working together to find the funds.

A bounty of up to 10% is being offered to hackers. Who can recover customer funds after recouping more than $20 million (approximately Rs. 158 crores)? So far, Nomad stated in a statement.

A bounty is being offered to anyone who comes forward “now, and to those who have already repaid monies,” Nomad said.

As “white hat” hackers, Nomad will not pursue legal action against anyone who returns 90% of the assets they’ve stolen.