However, not all hackers are able to earn millions from their exploit attempts. In April’s Ronin bridge attack, the largest decentralized finance (DeFi) attack in history, over $600 million worth of cryptocurrencies were taken from the bridge supporting the blockchain-based game Axie Infinity.Ī few months prior, over $300 million was drained off the Wormhole bridge, causing significant harm to the Solana blockchain community and the wider decentralized finance ecosystem. Bad Actors Target Crypto Bridgesīridge attacks have been increasingly common in recent months as crypto users have shown a stronger desire to transfer assets between blockchains. ![]() That’s more than $36.4 million, with the majority of it coming from the recovery wallet Nomad had put up for hackers looking to make amends. According to Etherscan, around 20% of the stolen funds have been returned to Nomad. The cybercriminals apparently haven’t turned a deaf ear to Nomad and Metagame’s earnest appeals. The company also stated that it is teaming with TRM Labs, an intelligence platform dedicated to combating cryptocurrency fraud and financial crime, to “trace black hats” and recover funds. Consequently, this move has been ridiculed by the community. The nonfungible token serves no use other than to serve as a trophy to reflect an act of good faith from the white hats. The exclusive NFT, which basically depicts a white wizard’s hat, is being offered by NFT firm Metagame and can be minted by the hackers who return at least 90% of their stolen assets to Nomad. On August 23, Nomad and Metagame introduced the Nomad Whitehat proprietary NFT to further incentivize hackers to return the stolen funds. On August 17, Nomad updated its users on the progress made toward fund recovery, including engaging with “white hats” through the bounty program and exploring options to restore the Nomad bridge. According to the program description, anyone who returns 90% of the assets they hacked while keeping 10% will be considered a “white hat” and will not face legal consequences. The platform put up a 10% bounty program a few days after the exploit to incentivize the hackers to restore the stolen funds. On August 1, just a few days after Nomad announced the completion of a $22 million seed round with investors including Coinbase Ventures, Polygon, OpenSea, and others, the Nomad token bridge was hacked, resulting in the theft of $200 million in cryptocurrency.Īlthough not the largest hack in terms of assets stolen, this attack drew significant attention due to the extraordinary number of hackers involved – “300 unique addresses participated in the exploit,” the firm said in an official statement, with some hackers impersonating the firm’s staff.Īccording to samczsun, a research analyst at Paradigm, the cause of the attack is believed to be an update to the protocol’s smart contracts. The exploiter transferred about $7.5 million worth of crypto to an unknown wallet address amid an ongoing Nomad’s bounty program that encouraged the hackers to return the assets. ![]() On Wednesday, one of the wallets involved in the Nomad bridge exploit transferred a substantial amount of assets to a wallet other than the official Nomad recovery wallet. Nomad Exploiter Transfers $7.5M to Unknown Wallet The transfer comes amid Nomad’s efforts to incentivize the hackers to return the stolen funds. If you or someone you love tends to forget where they left their wallet regularly, this is going to make life a lot better.A wallet linked to the Nomad Bridge Exploit has transferred $7.5 million worth of crypto to an unknown wallet. Nomad makes great leather products and the Slim Wallet is right in line, especially since it's got the added bonus of having a little bit of technology tucked away inside. ![]() Hell bent for leather Nomad Slim Wallet with Tile Tracking: Bottom line Keep this in mind when considering whether you should get one. The Tile Slim, which is basically the star of this otherwise traditional leather wallet, is as thick as two plastic cards (which is pretty amazing that it fits all that technology into something so small), so you're losing some of that otherwise prime real estate.īasically what I'm getting at here is that although the slim design of the Slim Wallet is aesthetically pleasing, it's just not practical for some people. The leather is soft and pliable, and can fit a lot of cards, but that's about it. If you're the type of person that likes a billfold with room to stretch out your dollar bills or a pocket for your change, the Slim Wallet is not for you. The Slim Wallet fit everything I had in my other wallet just fine. I don't pack in a bunch of old receipts or try to cram all of my change into a pocket. I'm lucky in that I don't carry much in a wallet. No room Nomad Slim Wallet with Tile Tracking: What I don't like
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