Hackers Transferred $9 Million to Nomad After Cross-Chain Bridge Exploit

Hackers sent $9 million back to Nomad Bridge one day after its vulnerability was exploited for $190.38 million. PeckShield, a blockchain security business, reported that $9 million, or around 4.75% of the total loss, had so far been recovered. The protocol asked for “white hat hackers” and allowed users to transfer tokens from Ethereum to other chains like Evmos and Moonbeam. Nomad Bridge Funds Recovery Process Dear white hat hackers and ethical researcher friends who have been safeguarding ETH/ERC-20 tokens, Please send the funds to the following wallet address on Ethereum: 0x94A84433101A10aEda762968f6995c574D1bF154 pic.twitter.com/UF623JSZ8u — Nomad (⤭⛓🏛) (@nomadxyz_) August 3, 2022 Anchorage Digital, a cryptocurrency custodian, will manage and protect the recovered assets. Stablecoins made up most of the returned money, with $3.78 million USDC and $2 million USDT coming from multiple addresses. Chaotic Copy Paste Attack Cost Nomad Bridge $190 Million Nomad Bridge confirmed that it was aware of an ongoing exploit in the early hours of August 2nd. Within hours, the $190 million budget for the protocol drained. Nomad acts as a bridge between Ethereum, Avalanche, Milkomeda, and Moonbeam for cross-chain transfers. After the widely publicized attacks on the Ronin Bridge, Wormhole, and Harmony, Nomad Bridge is the most recent token bridge that got targeted this year. Following Nomad’s disclosure of the complete list of investors ...