Security News > 2022 > August > Nomad to crypto thieves: Please give us back 90%, keep 10% as a reward. Deal?

Cryptocurrency bridge Nomad sent a message to the looters who drained nearly $200 million in tokens from its coffers earlier this week: return at least 90 percent of the ill-gotten gains, keep 10 percent as a bounty for discovering the security flaw, and Nomad will consider this a "White-hat" hack, as opposed to plain old theft, and not take legal action.

Update: Nomad Bridge Hack Bounty(see below for details)Please send the funds to the official Nomad recovery wallet address on Ethereum: 0x94A84433101A10aEda762968f6995c574D1bF154 https://t.

Nomad previously noted it was working with blockchain analysis outfit TRM Labs and custodian bank Anchorage Digital to trace the flow of stolen funds and coordinate the safe return of the tokens.

A subsequent blog post highlights the fact that even though Nomad is willing to let the thieves off easy for the heist, it can't guarantee that law enforcement will turn a blind eye.

In a FAQ section of the blog, Nomad answers the question: Am I safe from civil liability or criminal prosecution if I retain 10 percent of the funds I took? The crypto firm reiterates that it will not pursue any legal action against what it sees as white hats.

Nomad's blog post also explained the reasoning behind waiting a few days to announce the so-called bounty.

News URL

https://go.theregister.com/feed/www.theregister.com/2022/08/05/nomad_white_hat_payback/