Nomad hacked

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Miami
Posts: 32
Joined: Wed Apr 13, 2022 10:18 pm

Nomad hacked

Post: # 359Post Miami »

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.
Jupiter
Posts: 10
Joined: Fri Aug 05, 2022 12:56 pm

Re: Nomad hacked

Post: # 365Post Jupiter »

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.
The Resolver
Posts: 21
Joined: Mon May 23, 2022 1:33 pm

Re: Nomad hacked

Post: # 374Post The Resolver »

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.
gable589
Posts: 25
Joined: Fri May 27, 2022 3:58 pm

Re: Nomad hacked

Post: # 458Post gable589 »

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.
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