Key takeaways:
- Attackers of the cross-chain interoperability protocol transferred 1,205 ETH (approx $1.5 million) to Tornado Cash.
- Only $30 million has been recovered by the Nomad team yet , a pitiful sum when opposed to the loss the platform endured.
Centralized Exchanges were once the prime aim of cybercriminals until they worked their way to Defi Protocols and Bridges. A wallet address associated with Nomad Bridge, which was subject to a $190 million exploit last week, recently transferred $1.57 million in ETH to the banned crypto mixer Tornado Cash.
It is safe to say that, lately Tornado Cash has been the part of several headlines for all the wrong reasons. The U.S. Treasury Department outlawed utilising Tornado Cash to track down various crypto supply chain nodes that are utilised for illicit reasons in august.
Additionally, the Office of Foreign Asset Control (OFAC), a Treasury regulatory agency tasked with attempting to stop sanctions violations, added Tornado Cash to its list of Specially Designated Nationals.
The blockchain security firm CertiK has also noted the transfer of the 1,200 ETH. The Nomad was broken into in August of last year for about $190 million. The hackers now appear to want to profit in some way from this.
In 12 batches of 100 ETH each, the hacker has now sent a total of 1,200 ETH to the cryptocurrency mixing service Tornado Cash.
It is obvious that the perpetrators have resumed activity and are transferring money to platforms that use crypto mixers in order to make it impossible to track them. The hacker may be withdrawing money, according to recent activities. Further investigation reveals that the hacker sent the authorised mixer 12 batches totaling 100 ETH.
It was not long ago when the Nomadge Bridge was severely compromised in August 2022. Digital assets worth $190 million were therefore made available for theft. The principal currencies drained were USDC, WETH, and WBTC.
According to reports, the Nomad bridge contract had a flaw that permitted it to accept any root hash, facilitating many entities to withdraw substantial sums of money.
A bridge relaunch guide was made available by the Nomad team on December 8 following the fixing of the contract’s vulnerability that allowed the $190 million hack to occur. The company not only resolved the problems, but also redesigned the token bridge.
Nomad has so far retrieved more than $30 million in total from stolen funds, but this amount pales in comparison to the damage done to the platform.
The Nomad team has attempted to restart the bridge during the past two weeks, though. The team has been working very hard to find those missing assets and make the necessary improvements so that the Nomad Token Bridge may be restarted.
