Nomad Bridge's Fund Recovery Address Received $36M

Over USD 36m has been restored to Nomad Bridge's official fund recovery account, which was looted of USD 190m last week in "the first decentralized robbery."

Etherscan transactions show the recovery wallet owns $36.4m in crypto.

Etherscan has labeled the wallet the "official Nomad funds recovery address." It has received ETH 2,179.5 (approximately USD 3.9m), USDC 9.77m, USDT 5m, WBTC 196 (USD 4.7m), DAI 3.7m, and other ERC-20 tokens.

Nomad team shared fund recovery wallet on 8/3. Returning stolen assets gained traction after the team issued a 10% incentive, claiming anyone who return at least 90% of stolen funds will be deemed white hat hackers and Nomad won't take legal action against them.

The same release indicated more than $20m had been returned.

The team created the Nomad Official Communication Key on Monday to reach more "white hat hackers" and retrieve more cash.

The Nomad Bridge was hacked earlier this month. The bridge had USD 190m in TVL before the attack, but the money were depleted in hours.

The Nomad team said a fault "allowed the Replica contract to fail to authenticate messages appropriately," allowing anyone to join the attack simply copying and pasting the original hack transaction.

"Inbound message authentication contracts using Replica failed. This authentication failure caused Nomad Bridge Router contract to receive fake messages "Team:

DeFi Llama says the project's TVL is $95,366.