Nomad Announces 10% Bounty to Return Hacked Fund

Nomad offered a reward of up to 10% to recover the money taken from the Nomad bridge. The business made a wallet address for sending the money public in a website notice and tweet. Anyone who comes forward from this point on or has already returned money is eligible for the bounty. Update: Nomad Bridge Hack Bounty (see below for details) Please send the funds to the official Nomad recovery wallet address on Ethereum: 0x94A84433101A10aEda762968f6995c574D1bF154 https://t.co/8gO1xVl5IC pic.twitter.com/8D7SvbDQlO — Nomad (⤭⛓🏛) (@nomadxyz_) August 4, 2022 Nomad Hack – One of the Biggest Hacks in the Crypto Industry On August 2, an effective hack was made against the Nomad token bridge. With around $200 million in stolen cryptocurrency, this incident was one of the biggest thefts in the history of the cryptocurrency industry. The site, however, wasted no time in responding to both the hackers and its community. Accordingly, the token bridge will classify any hacker as a white hat hacker if they return at least 90% of the entire amount of funds they have stolen. “Ethical hackers” is another term for white hat hackers. Even though they frequently use the same techniques as black hat hackers, these hackers receive authorization from the site owner, making their attack lawful. White hats are commonly employed to improve platform security. According to the co-founder and CEO of the firm, Pranay Mohan, the platform “will continue to enga...