A new movement of 1200 ETH has been seen from one of the wallet addresses connected to the attack while the Nomad Bridge team attempts to relaunch the network.
A Nomad Bridge wallet address reportedly sent $1.57 million in ETH to the outlawed cryptocurrency mixer Tornado Cash. Nomad Bridge was the target of a $190 million exploit last week.
The cross-chain interoperability protocol attackers sent 1,205 ETH (about $1.5 million) to Tornado Cash, according to PeckShield statistics.
It is obvious that the attackers have resumed activity and are transferring money to crypto mixer platforms to obfuscate their activity. Recent behaviour indicates that the hacker may be withdrawing money. Further investigation reveals that the hacker sent 12 batches totaling 100 ETH to the authorised mixer.
Hacking Nomad Bridge and Sending Money to Tornado Cash
The Nomad Bridge exploit ranks among the top 10 cryptocurrency hacks to occur in 2022. On August 1, 2022, within hours of the security breach, hundreds of explorers swarmed to steal all the value trapped on the bridge. As a result, Nomad Bridge lost a total of $190 million.
Nomad Bridge locked tokens in an exploited smart contract. So far, Nomad’s team has recovered only $30 million. This is very small compared to the losses suffered by the platform. Hacking bridges in the past 2022 is very common, with hackers stealing hundreds of millions of dollars in the past year.
Decentralized finance (DeFi) witnessed a massive hack last year. Hackers have successfully exploited a bridge connecting various blockchain platforms. The DeFi space alone will house over $3 billion in digital assets in 2022. After the August 2022 hack, Nomad’s Chief Executive Officer Pranay Mohan said:
“We will not prosecute white hats. But we 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.”
But during the last two weeks, the Nomad crew has tried to restart the bridge. The team has been putting a lot of effort into recovering those funds and making the required upgrades so that the Nomad Token Bridge may be resumed. After the relaunch, holders of madAssets will be able to use the upgraded bridge to access their recuperated cash.