Nomad Bridge Recovers $9M Stolen Funds from Hackers

Nomad Bridge Recovers $9M Stolen Funds from Hackers

Blockchain analyst agency Peckshiled revealed the identification of a $9 million fund that returned again into the exploited cross-chain bridge, Nomad’s “Funds Recovery Address”. 

However, in line with the most recent replace, Nomad bridge claimed $16.6 million in whole fund restoration.

On August 2, Nomad bridge suffered exploitation, during which the attacker drained all the fund with practically $200 million value of cryptocurrencies.

According to the blockchain analyst agency, the restoration of funds consists of 100 ETH (~$164k) from deal with with ENS title bitliq.eth, ~3.78m USDC, ~2m USDT, ~15.8m $CQT (~$1.38m), ~1.2m $FRAX (~$1.2m), 200 $WETH (~328k), ~150k $DAI amongst others.

The returned fund is round 4.75% of the whole stolen funds. Adding to this, it revealed that roughly 50% of stolen funds are nonetheless held inside 3 main addresses.

The assertion reads: “We are actively working with a leading chain analysis firm and law enforcement to trace funds. All involved are prepared to take necessary action in the coming days.”

Nomad requested for assist from “white hat hackers” and “ethical researchers” to get again funds, who’ve been safeguarding ETH/ERC-20 tokens.

Compiled by Coinbold

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