Hackers Return $9M to Nomad Bridge After $190M Exploit

The popular Ethereum to Moonbeam bridge is working with law enforcement and data analytics firms.

By Oliver Knight

Aug 3, 2022 at 9:52 a.m. UTC

Updated Aug 3, 2022 at 1:53 p.m. UTC

Oliver Knight

Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.

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Hackers sent back $9 million to Nomad a day after the cross-chain bridge was exploited for $190.4 million.

Blockchain security company PeckShield said the amount returned equates to around 4.75% of the total loss.
The protocol, which allows users to transfer tokens from Ethereum to other chains like Evmos and Moonbeam, requested "white hat hackers" and "ethical researchers" to return funds in a tweet at 04:05 UTC.
The statement 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."
"If you took ETH/ERC-20 tokens with the intention of returning them, we now have a process for you to do so," the statement said.
Crypto custodian Anchorage Digital will handle and safeguard the returned assets.
The majority of returned funds have been stablecoins, with $3.8 million USDC and $2 million USDT being sent back by multiple addresses.

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