Nomad announces 10% bounty to recover stolen funds

Nomad announces 10% bounty to recover stolen funds
Image Credits: Aan World

With nearly $200 million in crypto assets stolen from the Nomad Bridge, the company announced a 10% bounty and provided a wallet address where white hat hackers and ethical researchers could help return some of the funds. So far, the company has returned more than $20 million.

In an official statement, Pranay Mohan, co-founder and CEO of Nomad, commented: “The most important thing in crypto is community, and our number one goal is restoring bridged user funds.” However, the platform “will continue to work with our partners, intelligence firms, and law enforcement to pursue all other malicious actors to the fullest extent under the law.”

Unlike usual hackers, white hackers usually have the site owner’s permission to do his work. To this end, Nomad said they will consider any hacker who returns at least 90% of the total hacked funds as a white hat hacker, in an attempt to encourage some of the hackers to come forward.

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