Anyone returning at least 90% of stolen tokens will be viewed as a so-called white-hat hacker that seeks to spotlight vulnerabilities rather than make malicious gains, according to a statement from Nomad. The remaining 10% would effectively become the reward.
“We will not prosecute white hats,” Pranay Mohan, chief executive officer of Nomad, said in the statement. “But we will continue to work with our partners, intelligence firms, and law enforcement to pursue all other malicious actors to the fullest extent under the law.” Nomad is a bridge protocol, a tool for transferring tokens across blockchains to make different networks interoperable. Bridges have become one of the crypto sector’s weak points after numerous hacks – some $2- billion worth of tokens have been swiped from them in 2022, consultancy ChainalysisThe Nomad cross-chain bridge hack is the eighth largest crypto theft ever. Elliptic has identified over 40 exploiters with the most prolific gaining almost $42-million.
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