Hackers behind the $190 million Nomad Bridge at the moment are being incentivized with white hat-themed nonfungible tokens (NFTs) in the event that they return almost the entire funds they stole from the protocol at first of this month.
The unique NFT, which merely depicts a white wizard’s hat, is being provided by NFT agency Metagame and may be minted by people who return at the very least 90% of their stolen funds to Nomad.
— Nomad (⤭⛓) (@nomadxyz_) August 23, 2022
“If you happen to haven’t but returned funds, you’ll be able to nonetheless achieve this now! Metagame checks your on-chain tx historical past routinely,” the Nomad crew said through Twitter Wednesday.
Talking with Cointelegraph, Metagame founder Brenner Spear famous that whereas he has “no thought if it’ll nudge anybody to return funds that wouldn’t have in any other case,” the transfer is a part of a broader try to foster and help good conduct within the sector:
“I’m supportive of individuals doing the appropriate issues for the fallacious causes. Extra of the appropriate issues will occur, and possibly, individuals will begin doing extra of the appropriate issues for the appropriate causes too.”
The nonfungible token doesn’t have any operate, because it primarily serves as a trophy to signify an act of excellent religion. The primary 50 individuals to return the funds in relation to this promo, will even obtain 100 FF tokens, value round $53, from Web3 platform Forefront.
Right here’s what occurred and why we’re giving standing to this elite cohort of whitehats…
— brenner.eth (@BrennerSpear) August 23, 2022
The Nomad Bridge was initially hacked on Aug. 2, after dangerous actors found a safety loophole in Nomad’s sensible contracts which allowed them to extract funds that didn’t belong to them through doubtful transactions.
In accordance with a autopsy evaluation earlier this month from Coinbase’s principal blockchain risk intelligence researcher Peter Kacherginsky, and Heidi Wilder, a senior affiliate of the particular investigations crew, a whole bunch of copycats then joined in on the enjoyable by copying the identical code used to start out the hack however barely modified the goal token, token quantity and recipient addresses.
Associated: Ethereum advances with requirements for sensible contract safety audits
The idea doesn’t seem to have gone down nicely on Twitter, nevertheless, with many customers taking the time to clown on the concept. Huzmond wrote, “Incentive go brrrrr,” whereas @aldy_argr questioned whether or not this was a “comic account?”
“That’s what the crew comes up with to resolve the issue? Rewarding a hacker with nugatory NFT?” hinzpak chimed, with the Metagame crew responding that “It was Metagame’s thought, and constructed by Metagame – we simply introduced it, Nomad. They’ve way more necessary issues to concentrate on!.”
As of Aug. 8, Cointelegraph reported that white hat hackers had returned round $32.6 million of the full $190 million that was stolen.