CoinbaseResearchers have revealed that copycat attackers stole $88 million in last week’s Nomad hack.
Recently, one of the biggest hack attacks of this year was made on the Nomad Bridge. Nomad, a bridge that allows users to send and receive tokens between different blockchain networks, lost $190 million in this hack. Coinbase researchers, on the other hand, conducted a research by wondering about the origin of the attack on Nomad.
Coinbase: Most Nomad Attackers Were Copycats
According to researchers from crypto exchange Coinbase, nomad More than 88 percent of the exploiters behind the hack were people who simply copied the main attacker’s code. For this reason, Coinbase describes those who stole about $88 million in tokens from the bridge as “impersonators”.
Stating that many of Nomad’s assets were stolen by copycats, researchers said:
According to Coinbase researchers, this also caused the original attackers to compete against hundreds of copycats.
Meanwhile, Nomad is currently working with security agencies and white hackers to recover some of the stolen funds, and even launched a bounty program last week. As of August 10, over $25 million in funds have been returned, but most are still missing.