News with the tag "Nomad Bridge"

According to details shared by PeckShieldAlert, the wallet associated with the Nomad Bridge hack recently moved 14,500 Ethereum to Tornado Cash. The funds were moved almost two years after the hack. The value of the moved funds was around $35.2 million with the current ETH price. The movement sugges...

A wallet linked to the $200 million hack of the Nomad bridge in 2022 transferred 14,500 ETH to sanctioned coin-mixing service Tornado Cash, according to blockchain security firm PeckShield.

The transfer involving the NomadBridge exploiter and Tornado Cash highlight the ongoing battle between privacy and regulation in the cryptocurrency industry.

Hackers exploit the market crash, using stolen funds from the 2022 Nomad bridge hack to purchase 16,892 ETH at a significant discount.

A total of $4.8 million in funds have now been moved by the hacker to Bitcoin and now Avalanche.