Nomad Officially Releases Instructions for Returning Stolen Funds

Aug 03,2022
KingData News: Nomad Bridge's official Twitter feed releases the process for recovering funds. Nomad says it is actively working with chain analysis/intelligence firm TRM Labs and law enforcement to track the flow of funds and identify recipient wallets to coordinate the return of funds. It has also partnered with Anchorage Digital, a state-regulated custodian bank, to accept and protect ETH and ERC-20 tokens.
On August 2, crypto KOL 0xfoobar posted that the cross-chain solution Nomad had been hacked, and that WETH and WBTC were being transferred out at a rate of millions of dollars each, leaving $126 million in the contract potentially at risk.