• About Us
  • Careers
  • Contact
No Result
View All Result
Tuesday, October 21, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News Latest News

More Than $36 Million Returned to Nomad Bridge’s Fund Recovery Address

10 August 2022
in Latest News, News
Reading Time: 5 mins read
106 4
More Than 36 Million Returned to Nomad Bridge's Fund Recovery Address

Last week, assets worth $190 million were stolen from Nomad Bridge, a cross-chain interoperability protocol, in what many referred to as “the first decentralized theft.”

Several stablecoins, including USDT, USDC, and Frax, were withdrawn from the bridge during the hack; some of the withdrawals were made by white hat hackers who subsequently offered to return the stolen assets.

Earlier, the Nomad team had requested that white hat hackers return the funds to a designated address.

“Nomad Bridge Funds Recovery Process

Dear white hat hackers and ethical researcher friends who have been safeguarding ETH/ERC-20 tokens,

Please send the funds to the following wallet address on Ethereum: 0x94A84433101A10aEda762968f6995c574D1bF154“

As of today, more than $36 million has been returned to Nomad Bridge’s official fund recovery address. 

Etherscan transactions show that the recovery wallet now has cryptocurrency holdings worth $36.4 million. 

The wallet, identified by Etherscan as the “official Nomad money recovery address,” has received WBTC 196 ($4.7 million), ETH 2,179.5 (equal to about $3.9 million), DAI 3.7 million, USDT 5 million, and USDC 9.77 million, as well as various sums of other ERC-20 tokens.

The Nomad team shared the fund recovery wallet on August 3. The team, however, stated that anyone who returned at least 90% of the stolen funds would be considered a white-hat hacker, and Nomad wouldn’t take legal action against them. As a result, the return of purportedly stolen funds gained traction. 

On Monday, the team announced the creation of the Nomad Official Communication Key, which will be used to send on-chain messages to outstanding wallet addresses in order to find more “white hat hackers” and recover more money.

A few months ago, Quantstamp analyzed and audited Nomad Protocol’s code, and the vulnerability that resulted in the hack was discovered. But the vulnerability was tagged as low risk in the report.

The Nomad team labelled the attack a “decentralized robbery” because anyone could participate by copying and pasting the original hack transaction. 

This was due to a bug that caused the Replica smart contract to fail to properly authenticate messages. 

“As a result, contracts relying on the Replica for authentication of inbound messages suffered security failures. This authentication failure resulted in fraudulent messages being passed to the Nomad Bridge Router contract,” the team stated. 

The bridge had a total value locked (TVL) of $190 million prior to the exploit, but the money was drained within a few hours as a result of the hack. According to DeFi Llama, the project has a total value locked (TVL) of $95,963 as of Wednesday, August 10, 2022, 12:21 UTC.

 

If you would like to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, and Instagram.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Share64Tweet40Share11
Adedamola Ojedokun

Adedamola Ojedokun

Rose Nnamdi

Rose Nnamdi

Related Posts

Bitcoin Faces Selling Pressure as Long-Term Holders Take Profits, Analysts Warn
Crypto

Bitcoin Faces Selling Pressure as Long-Term Holders Take Profits, Analysts Warn

20 October 2025
Bitget Crosses $200 Million Milestone in U.S. Stock Futures Trading
Crypto

Bitget Crosses $200 Million Milestone in U.S. Stock Futures Trading

20 October 2025
BlackRock Debuts Bitcoin ETP on London Stock Exchange as UK Eases Crypto Investment Rules
Crypto

BlackRock Debuts Bitcoin ETP on London Stock Exchange as UK Eases Crypto Investment Rules

20 October 2025
CZ Warns Crypto Traders Against Meme Coin Scams on Official Social Media Accounts
Memecoins

CZ Warns Crypto Traders Against Meme Coin Scams on Official Social Media Accounts

20 October 2025

Editors Picks

Mining vs. Staking: Which Crypto Validation Method Will Shape the Future?

Mining vs. Staking: Which Crypto Validation Method Will Shape the Future?

byOlajumoke Oyaleke
15 July 2025
0

Where Are the Ethereum-Killers Now?

Where Are the Ethereum-Killers Now?

byOlayinka Sodiqand1 others
6 January 2025
0

source: investorplace.com

How to Find the Newest Cryptocurrencies Before They’re Listed

byOlayinka Sodiq
30 December 2024
0

Exploring the Role of AI in Enhancing DeFi Security

Exploring the Role of AI in Enhancing DeFi Security

byOlayinka Sodiq
1 October 2024
0

The Ultimate Guide to How NFT Royalties Work

The Ultimate Guide to How NFT Royalties Work

byAdedamola Ojedokun
17 April 2024
0

Read More

Chain of Thoughts

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

byOlu Omoyele
27 September 2025
0

...

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

byOlu Omoyele
30 August 2025
0

...

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Markets Update

Your Weekend Crypto Roundup | October 2025 (Week 3)

3 days ago

Crypto in Latin America: Adoption Booms as Media Visibility Falls

6 days ago

Your Weekend Crypto Roundup | October 2025 (Week 2)

1 week ago

Your Weekend Crypto Roundup | October 2025 (Week 1)

2 weeks ago

What $1 Billion in Liquidations Means for Market Stability

3 weeks ago

Why Crypto’s Cross-Chain Future Depends on Regulatory Readiness

3 weeks ago
Read More

Events

  • No events
  • Spotlight

    All about Ethereum
    All about Algorand
    All about Bitcoin
    All about Gora

    Press Releases

    Limitless Prediction Market Closes $10M Seed Round Ahead of LMTS Token Launch

    bychainwire
    20 October 2025
    0

    Whale.io Introduces Crock Dentist Game and Exclusive RWA NFT Collection

    bychainwire
    20 October 2025
    0

    Bybit Card Honored as “the Best Performing Crypto Card” by Mastercard at EDGE 2025

    bychainwire
    20 October 2025
    0

    Jupiter Launches Ultra V3 – The Ultimate Trading Engine for Solana

    bychainwire
    20 October 2025
    0

    Jiuzi Holdings, Inc Enters Strategic Partnership with BitFi to Advance Bitcoin-Centric Finance

    bychainwire
    20 October 2025
    0

    Read More

    ADVERTISING

    ABOUT

    TEAM

    CAREERS

    CONTACT

    TERMS & CONDITIONS

    PRIVACY POLICY

    © Copyright 2025 DeFi Planet

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • News
      • People
      • Business
      • Crime
      • Regulation
      • Crypto
      • CBDC
    • Markets
      • Bitcoin
      • Ethereum
      • Stablecoins
      • Altcoins
      • Crypto ETFs
      • Memecoins
    • Policy
    • Articles
      • Press Releases
      • Opinion
      • Explainers
      • Guest Post
      • Sponsored
    • Directory
      • Companies
      • People
      • Products
      • Wallets
    • Multimedia
      • Videos
      • Podcasts
    • Learn
      • DeFi Basics
      • Tutorials
      • Reviews
      • Blockchain Fundamentals
    • Research
      • Case Studies
    • Explore
      • DeFi
      • Crypto Gaming
      • NFT
      • DAO
      • Metaverse
      • Glossary
    • Jobs
    • Markets Pro
      • DeFi Planet Pro
      • Spend Crypto
      • Swap Crypto
      • Coin Prices
      • Crypto Exchanges
      • Crypto Analyzer

    © Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

    -
    00:00
    00:00

    Queue

    Update Required Flash plugin
    -
    00:00
    00:00