Be[In]Crypto reported that the August 1 attack targeted nearly $200 million in WETH and WBTC tokens. Shortly after, Nomad released a wallet address during the attack period in order to recover funds protected by ethical hackers.
NomadBridge Fund Recovery Process
Dear friends of white hat hackers and ethical researchers who have been protecting their ETH/ERC-20 tokens,
Please send funds to the following wallet address on Ethereum: 0x94A84433101A10aEda762968f6995c574D1bF154 pic.twitter.com/UF623JSZ8u
The press release also reiterated that "this is the only official funds recovery address," confirming that it has worked with the custodian bank-related Anchorage Digital to accept and secure the returned tokens.
Ethical Hacking Ways to Return Funds in ETH, USDC, USDT.
PeckShield`s $9 million detection refund consists of 100 ETH tokens with a market cap of nearly $164,000. In addition, these funds also include about 3.78 million USDC stable coins, 2 million USDT stable coins, 15.8 million CQT covalent query tokens of nearly 1.38 million US dollars, 1.2 million US dollars of FRAX of about 1.2 million US dollars, and 200 WETH of about 32,000 US dollars Fiat currency and USD 15,000 DAI stable currency and other encrypted tokens.
Earlier, PeckShield heard that six white-hat hackers secured over $8 million, of which about $7 million, and seven of them were Most Valuable (MEV) bots with over $7 million.
The security firm estimates that roughly 50 percent of the stolen digital currency is still stored at three main addresses. Ten percent of the hackers had about $6 million in stolen funds and had Ethereum Name Service (ENS) domain addresses. That said, the Nomad team reiterated that they are actively analyzing law enforcement and top chain TRMLabs for funding.
The 10 biggest hacked Nomad heists so far
Meanwhile, security firm Elliptic called it the eighth-largest digital currency theft to date. The company explained in a blog post on Wednesday that the attackers used a coding flaw to spoof transactions and spend most of the funds in the Nomad ethereum contract.
