Nomad offers hackers NFT to return stolen funds
- August 24, 2022
- 0
The hackers behind the $190 million Nomad cross-chain protocol hack were offered NFT as a reward for returning more than 90% of the funds withdrawn. 1/ Our friends
The hackers behind the $190 million Nomad cross-chain protocol hack were offered NFT as a reward for returning more than 90% of the funds withdrawn. 1/ Our friends
The hackers behind the $190 million Nomad cross-chain protocol hack were offered NFT as a reward for returning more than 90% of the funds withdrawn.
1/ Our friends @metagame Created an NFT earned as a thank you to the white hats who refunded money from the Nomad Bridge Hack. Go to https://t.co/TWwuJwnRXj to claim! pic.twitter.com/V87rkGhBEE
— Nomad (⤭⛓🏛) (@nomadxyz_) 23 August 2022
Special NFTs featuring a wizard’s white hat are offered by the Metagame project. Only a hacker who pays back their assets can issue a token, thus falling into the category of white hackers – white hat.
“If you haven’t returned the money yet, you can do it right now! Metagame automatically checks your online transaction history,” the Nomad team said.
In a comment to Cointelegraph, Metagame founder Brenner Speer admitted that he “doesn’t know if this will push anyone back”. The idea is part of a broader effort to promote good behavior in the industry, he said.
The first 50 people to return Nomad funds will receive 100 FF tokens (~$27 at the time of writing) from the Forefront service, in addition to the Whitehat NFT.
3/ When you claim your Whitehat NFT, the top 50 white hats can also claim 100. $FF tokens, thanks to our friends @frontage__!
— Nomad (⤭⛓🏛) (@nomadxyz_) 23 August 2022
Hackers hacked the cross-chain protocol on August 2. Attackers exploited a vulnerability in a smart contract that allowed unauthorized withdrawals.
Coinbase analysts found that hundreds of copycats have joined the original crackers. They copied and used the exploit code, only changing the type and number of tokens, as well as the address of the recipient.
The Nomad team almost immediately challenged to return 90% of stolen funds as white hat hackers to avoid prosecution. As of August 8, approximately $32.6 million has been repaid to the project.
Most users reacted negatively to the NFT attempt. Some called it “comedy” and “clown”.
“Is this what the team came up with to fix the problem? Reward a hacker with a useless NFT?” ‘ one commentator asked.
Metagame said it was their idea and that Nomad was doing “more important things”.
It was Metagame’s idea and it was built by Metagame – we brought it to Nomad. They have much more important things to focus on!
Metagame focuses on NFTs earned overall
— Metagame (@Metagame) 23 August 2022
Recall that according to the calculations of Chainalysis analysts, the amount of stolen funds as a result of 13 attacks on cross-chain protocols has reached $ 2 billion since the beginning of the year.
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I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.