Nomad Bridge Reveals Bounty It'll Pay to White Hat Hackers After $190M Exploit
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Nomad Bridge Reveals Bounty It'll Pay to White Hat Hackers After $190M Exploit

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Created 2yr ago, last updated 2yr ago

The latest figures from Etherscan suggest $22 million has been sent to the official recovery address, but that's just 11.5% of the funds that are missing.

Nomad Bridge Reveals Bounty It'll Pay to White Hat Hackers After $190M Exploit

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Nomad Bridge has announced that it's offering a 10% bounty to white hat hackers who return funds that were stolen in a devastating exploit earlier this week.

An estimated $190 million was taken in an attack that's been likened to a "free for all."

The embattled crypto project has said legal action will not be pursued against white hat hackers.

An official address has been launched where digital assets can be sent, but Nomad is warning that "impersonators and other scams" are doing the rounds.

Nomad also warned that it's working with law enforcement agencies and blockchain analytics firms to ensure all funds are returned.

The latest figures from Etherscan suggest $22 million has been sent to the official recovery address, but that's just 11.5% of the funds that are missing.

Figures from Chainalysis suggest $2 billion has been stolen in cross-bridge attacks so far this year — representing 69% of all crypto thefts.

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