Nomad exploit wallet address transfers $1.5M to Tornado Cash

Share This Post

The wallet address related to the $190 million hack transferred more than 1200 Ether to the sanctioned cryptocurrency mixer Tornado Cash.

An address related to the $190-million Nomad exploit has moved $1.57 million in Ether (ETH) to the sanctioned crypto mixer Tornado Cash. 

In an alert, blockchain security firm CertiK flagged that a wallet address affiliated with the Nomad hack has transferred 1,200 ETH into Tornado Cash, suggesting that the attackers may be cashing in the funds. The hacker transferred 12 batches of 100 ETH to the sanctioned mixer.

Nomad hack address transferring funds to Tornado Cash. Source: Etherscan

The Nomad bridge hack was one of the ten largest crypto hacks in 2022, with more than $190 million worth of digital assets lost. On Aug 1, hundreds of exploiters flocked to drain the bridge’s total value locked in a matter of hours because of a security breach. Last year, a report revealed that almost 90% of the participants in the hack were copycats who were able to take over $88 million worth of digital assets.

While many attackers participated in the exploit with bad intentions, some joined in with the intent to return the tokens. Because of this, a project jumped at the opportunity to provide a nonfungible token reward for those who would choose to return stolen funds to Nomad.

Related: DeFi-type projects received the highest number of attacks in 2022: Report

In a recent update released on Dec. 8, the Nomad team released a bridge relaunch guide after patching the vulnerability in the contract that led to the $190 million hack. Apart from fixing the issues, the firm also redesigned the token bridge.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Binance US Ex-CEO Brian Brooks Tops List for SEC Chair

The post Binance US Ex-CEO Brian Brooks Tops List for SEC Chair appeared first on Coinpedia Fintech News The overall cryptocurrency market has been experiencing notable upward momentum following the

BlackRock Backs ‘Strategic Bitcoin Reserve’ Satoshi Act, CEO Confirms

With President-elect Donald Trump’s recent commitment to using Bitcoin as a strategic reserve asset for the United States, speculation regarding the timing and feasibility of this initiative has

Bitfinex And NexBridge Team Up To Offer Tokenized US Treasury Bills in El Salvador

The post Bitfinex And NexBridge Team Up To Offer Tokenized US Treasury Bills in El Salvador appeared first on Coinpedia Fintech News Bitfinex Securities and NexBridge, a digital asset issuer focused

Dogecoin’s Rocket Ride Looming: Expert Sight New All-Time High On The Cards

Interest in Dogecoin appears to be rising once again with the meme coin demonstrating the potential for another notable price upswing, capturing the attention of investors and crypto enthusiasts as

WallitIQ (WLTQ) Becomes Top Crypto Gainer In Google Trends As Whales Buy Large Chunks

The post WallitIQ (WLTQ) Becomes Top Crypto Gainer In Google Trends As Whales Buy Large Chunks appeared first on Coinpedia Fintech News Now listed on CoinMarketCap, WallitIQ (WLTQ) is emerging as a

Traders Shift Focus: Could This $0.04 Token Dethrone XRP With 8,000% Gains?

The post Traders Shift Focus: Could This $004 Token Dethrone XRP With 8,000% Gains appeared first on Coinpedia Fintech News A new contender has emerged in the cryptocurrency arena, stirring