Nomad exploit wallet address transfers $1.5M to 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.

All Dutch and English crypto news!

Ripple publishes math prof’s warning: ‘public-key cryptosystems should be replaced’

Mathematician Massimiliano Sala says current encryption methods won’t protect blockchain systems from quantum computers.

Bitcoin bulls take charge as SOL, AR, GRT and FTM flash bullish signs

Bitcoin is hogging all the limelight, but SOL, AR, GRT and FTM are also trying to move higher. Price Analysis Own this piece of crypto history Collect this...

Crypto price prediction: Floki, BitBot, Arweave

Cryptocurrency prices did moderately well last week as investors embraced a risk-on sentiment in the financial market. Bitcoin jumped to above $67,000 for the first...

OpenAI leadership responds to former employee safety allegations

The company’s head of alignment, Jan Leike, resigned on May 17, stating they’d reached a “breaking point” with management.

Beste exchanges

Koop je crypto bij Bitvavo