Anything not XRP Ledger related
- Posts: 32
- Joined: Wed Apr 13, 2022 10:18 pm
If you don't know, Nomad is a blockchain bridge that was recently hacked. The hackers got in and stole millions of dollars. I have concerns about Nomad's primary strategy for recouping those funds. They're hoping that by creating a wallet and telling the community that if you possess the stolen crypto and return 90% of it, then you're fine. There'll be no questions asked. The thief won't be investigated. It's all good. Won't that encourage more hacking in the future? After all, 10% of millions is still a nice chunk of change.
- Posts: 10
- Joined: Fri Aug 05, 2022 12:56 pm
Although I haven't seen much about it, I'm guessing that they're just hoping to limit their losses anyway that they can. And can you blame them? Cyber threats have been brutal this year.
- Posts: 21
- Joined: Mon May 23, 2022 1:33 pm
I'm with you, Miami, it seems like a bad idea that will just encourage more hackers to take a shot at Nomad. I don't know what they were thinking.
- Posts: 25
- Joined: Fri May 27, 2022 3:58 pm
I don't believe that's their only strategy to retrieve the stolen money. Plus, it could be useful to turn an attacker into a white hat hacker who probes for weaknesses in Nomad's code. If they report the bugs and holes, it gives Nomad a chance to fix them before a nefarious person can attack.