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Crypto Bridge Nomad Offers 10% Bounty After $190 Million Hack

Aug. 5, 2022, 3:30 AM

Cryptocurrency company Nomad is offering a bounty to recoup funds spirited away in a $190 million hack that again highlighted security vulnerabilities in the digital-token sector.

Anyone returning at least 90% of stolen tokens will be viewed as a so-called white-hat hacker that seeks to spotlight vulnerabilities rather than make malicious gains, according to a statement from Nomad. The remaining 10% would effectively become the reward.

“We will not prosecute white hats,” Pranay Mohan, chief executive officer of Nomad, said in the statement. “But we will continue to work with our partners, intelligence firms, and law enforcement to pursue ...