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I returned most of the stolen Nomad funds and all I got was this silly NFT

Published on

December 24, 2022
Read Time:2 Minute, 40 Second

Hackers behind the $190 million Nomad Bridge at the moment are being spurred on with “whitehat” type non-fungible tokens (NFTs) as they return virtually the entire funds they stole from the protocol earlier this month.

Supplied by NFT firm Metagame, the unique NFT, which merely represents a white wizard hat, is on the market to be minted by those that return a minimum of 90% of their stolen funds to Nomad.

1/ Our associates at @ metagame created a earned NFT as a thanks to whitehats who returned funds from the Nomad Bridge hack. Over head https://t.co/TWwuJwnRXj to say it! pic.twitter.com/V87rkGhBEE

— Nomad (⤭⛓) (@nomadxyz_) August 23, 2022

"If you have not paid the cash again but, you are able to do so now! Metagame mechanically checks your on-chain TX historical past,” the Nomad workforce defined through Twitter on Aug. 23.

Talking to Cointelegraph, Metagame founder Brenner Spear famous that whereas he "has no thought if it can make anybody return funds that in any other case would not," the transfer is a part of a broader try and encourage good habits within the To advertise and assist the trade:

“I assist individuals who do the best issues for the flawed causes. Extra proper issues will occur, and possibly individuals will begin doing extra proper issues for the best causes.”

The non-fungible token has no operate because it primarily serves as a trophy to characterize an act of fine religion. The primary 50 individuals to return the funds associated to this promotion will even obtain 100 FF tokens ($53) from web3 platform Forefront.

We at @metagame have teamed up with @nomadxyz_ @nomadxyz_, @divine_economy @divine_economyand @Foreground__ @Foreground__ to provide a free NFT that may solely be minted by Nomad whitehat hackers.

Here is what occurred and why we're giving standing to this elite cohort of whitehats...

— brenner.eth (@BrennerSpear) August 23, 2022

The Nomad Bridge was initially hacked on August 2nd after dangerous actors found a vulnerability in Nomad's sensible contracts that allowed them to extract funds that didn't belong to them via doubtful transactions.

In keeping with a autopsy evaluation earlier this month by Coinbase's principal blockchain risk researcher, Peter Kacherginsky, and Heidi Wilder, a senior affiliate on the Particular Investigations Workforce, lots of of copycats went together with it by copying the identical code used firstly of The Nonetheless, Hack barely modified the vacation spot token, token quantity, and recipient addresses.

Associated: Ethereum is making strides with requirements for sensible contract safety audits

Nonetheless, the idea would not appear to have gone down effectively on Twitter, with many customers taking the time to crazy the concept. @Huzmond wrote "Incentive go brrrrr" whereas @aldy_argr requested if it is a "comic account"?

"Is that this what the workforce got here up with to resolve the issue? Reward a hacker with nugatory NFT?” @hinzpak chimed in, and the Metagame workforce replied, “It was Metagame's thought and constructed by Metagame – we simply introduced it Nomad. They've far more essential issues to give attention to!”

On Aug. 8, Cointelegraph reported that white hat hackers had returned round $32.6 million out of a complete of $190 million stolen.

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Azeez Mustafa
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager – as well as an author.
Last Updated : December 24, 2022
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