Nomand Offered Hackers To Return 90% Of The Funds For A Reward

Nomand Offered Hackers To Return 90% Of The Funds For A Reward

Nomand Offered Hackers To Return 90% Of The Funds For A Reward

The Nomad cross-chain protocol team offered hackers who withdrew about $190 million from the smart contracts of the project to return the stolen assets for a reward of 10%.

“Nomad will consider any party that returns at least 90% of the amount of stolen funds as a white hat hacker. The team will not take any legal action against him. Funds must be transferred to Nomad’s official recovery wallet,” the statement said.

The developers emphasized that they continue to work with the community, law enforcement, and blockchain analysis-oriented companies to return all assets. 

They added that the deal with the project would allow the hacker to avoid “possible prosecution by third parties” and charges from the authorities.

According to Etherscan, at the time of writing, $22 million worth of tokens (more than 11% of the number of stolen funds) are stored at the address provided by the team.

On August 2, 2022, the Normand protocol was hacked. Analysts estimated the damage from the actions of intruders at $190 million.

Share this post

Leave a Reply

Your email address will not be published.