• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Nomad and Slope “begged” the hacker to shell out with a bug bounty

190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

The two crypto tasks that had been attacked this week, Nomad and Slope, each pledged not to prosecute the hacker if the funds was returned.

Nomad and Slope “begged” the hacker to shell out with a bug bounty

As Cointelegraph reported, the cryptocurrency business knowledgeable two key protection incidents final week, resulting in big losses.

Related articles

KyberSwap promises a 10% bug reward if hackers refund the money

KyberSwap guarantees a ten% bug reward if hackers refund the funds

November 24, 2023
MT.  Gox will begin repaying debt in cash later this year

MT. Gox will commence repaying debt in money later on this yr

November 22, 2023

First, on August two, the Nomad cross-chain bridge was attacked by hackers due to a previously found vulnerability that was not completely resolved. Many folks have found how the attacker utilized and copied it, foremost to a “stink” bluff. According to some estimates, the total quantity of about $ 175-190 million would be withdrawn by Nomad inside of hrs.

Just a day later on, on August three, the Solana network was frenzied at the information that a series of wallets had been withdrawn for unknown good reasons, creating severe panic. After hrs of making an attempt to establish the origin, the vulnerability was found in the Slope crypto wallet application, which accidentally passed the user’s personal vital and seed phrase details to third-get together servers. In complete, about eight,000 crypto wallets on Solana that interacted with Slope in the previous has been hit, the injury is in between four and six million bucks.

Nomad then posted a wallet handle and asked individuals who “spoiled” by this bridge to voluntarily return the funds. By the evening of August three, the undertaking had acquired $ 9.one million from white hat hackers.

However, due to the slow repayment, Nomad has determined to surrender and permit payers to withhold ten% as a bug bounty and undertakes not to prosecute.

Update: Nomad Bridge Hack bounty

(See beneath for particulars)

Send money to the official Nomad recovery wallet handle on Ethereum: 0x94A84433101A10aEda762968f6995c574D1bF154 https://t.co/8gO1xVl5IC pic.twitter.com/8D7SvbDQlO

– Nomad (⤭⛓🏛) (@nomadxyz_) August 4, 2022

Since then, the quantity returned to the undertaking has steadily elevated and reached $ 32 million at 00:00 on August six, consisting primarily of USDT, USDC, WBTC, DAI and FRAX tokens. Specifically, one particular handle returned up to $ 9.four million without the need of a bug bounty. This is the biggest person payback from the assault.

Thanks to 0x56178a0d5F301bAf6CF3e1Cd53d9863437345Bf9 for returning the biggest single recovery of $ 9.four million without the need of acquiring a bounty at our recovery handle!

We have recovered a complete of $ 31.eight million so far.https://t.co/McFXqyR21l

– Nomad (⤭⛓🏛) (@nomadxyz_) August 5, 2022

Surplus Nomad address of the pickup wallet at twelve noon on six August 2022. Source: Etherscan

Likewise, Slope also published a observe on the morning of August six to reward the hacker with ten% of the quantity if he agrees to repay the undertaking. However, Slope has only 48-hour hacker puppy to think about selections, following this deadline, the undertaking will pursue legal action to expose the attacker.

Hackers: See beneath for our present of rewards in exchange for the harmless return of our users’ sources.

Wallet Address: DyQ96GwjkHkGSzYEB4NaPk2NxsXyRTMNHKJQd3fziABf pic.twitter.com/pePeWfaB7m

– Slope (@slope_finance) August 5, 2022

Until twelve noon on six August 2022, Slope receiving wallet address it is nevertheless empty, which suggests that the hacker did not return the funds.

However, an additional query is that if the hacker pays, how will Slope compensate customers when outdated addresses can’t be reused.

Synthetic currency 68

Maybe you are interested:

Maybe you are interested:

Tags: beggedBountybughackerNomadpayslope
Share76Tweet48

Related Posts

Exposed Crypto OTC Scam Defrauds $50 Million

by shark
June 22, 2025
0

Large-scale crypto OTC scam hits investors, defrauding over $50 million in assets.

U.S. Spot Bitcoin ETFs Record Ninth Day of Inflows

by shark
June 22, 2025
0

U.S. spot Bitcoin ETFs see significant inflows led by BlackRock, indicating strong institutional market confidence.

Semler Scientific Targets 105,000 BTC Holding by 2027

by shark
June 22, 2025
0

Discover how Semler Scientific plans to accumulate 105,000 Bitcoin by 2027, impacting institutional adoption and market dynamics.

Pump.fun Delays Token Auction Amid Legal Challenges

by shark
June 22, 2025
0

Pump.fun delays token auction to July 2025 due to legal issues affecting market sentiment.

Coinbase Relocates EU Headquarters to Luxembourg Post-MiCA Approval

by shark
June 22, 2025
0

Coinbase, led by EMEA Vice President Daniel Seifert, gains MiCA approval and establishes its EU headquarters in Luxembourg, enabling access...

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Exposed Crypto OTC Scam Defrauds $50 Million
  • U.S. Spot Bitcoin ETFs Record Ninth Day of Inflows
  • Semler Scientific Targets 105,000 BTC Holding by 2027
  • Pump.fun Delays Token Auction Amid Legal Challenges
  • Coinbase Relocates EU Headquarters to Luxembourg Post-MiCA Approval
  • Trump Family Cuts Stake in World Liberty Financial
  • Bloomberg Raises ETF Approval Odds for XRP, Dogecoin
  • Crypto Market Sees $200M Liquidation in One Hour
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7