The hackers behind the $190 million Nomad Bridge hack are being incentivized with white hat-themed non-fungible tokens (NFTs) if they return almost all of the funds they stole from the protocol earlier this month..
The exclusive NFT, which simply represents a white wizard hat, is being offered by the NFT Metagame firm and can be minted by those who return at least 90% of their stolen funds to Nomad.
1/ Our friends at @metagame created an earned NFT as a thank you to whitehats who returned funds from the Nomad Bridge Hack. Head over https://t.co/TWwuJwnRXj to claim it! pic.twitter.com/V87rkGhBEE
— Nomad (⤭⛓) (@nomadxyz_) August 23, 2022
1/ Our friends at @metagame have created an NFT as a thank you to the white hats who have returned the funds from the Nomad Bridge hack. Head over to https://t.co/TWwuJwnRXj to claim it! pic.twitter.com/V87rkGhBEE
“If you haven’t returned funds yet, you can still do so! Metagame checks your tx history on the chain automatically,” the Nomad team stated. via Twitter on Wednesday.
Speaking to Cointelegraph, the founder of Metagame, Brenner Spear noted that while he has “no idea if this will motivate someone to return funds who wouldn’t have otherwise,” the move is part of a broader attempt to encourage and support good behavior in the industry.:
“I am a fan of people doing the right things for the wrong reasons. More of the right things will be done, and maybe people will start to do more of the right things for the right reasons, too.”
The non-fungible token has no function as it essentially serves as a trophy to represent an act of good faith. The first 50 people to return funds in connection with this promotion will also receive 100 FF tokens, worth about $53, from the Web3 Forefront platform..
We at @Metagame have teamed up with @nomadxyz_ @nomadxyz_, @divine_economy @divine_economyand @forefront__ @forefront__ to produce a free NFT exclusively mintable by Nomad whitehat hackers.
Here’s what happened and why we’re giving status to this elite cohort of whitehats…
— brenner.eth (@BrennerSpear) August 23, 2022
We at @Metagame have partnered with @nomadxyz_ @nomadxyz_, @divine_economy @divine_economy, and @forefront__ @forefront__ to produce a free NFT exclusively minable by Nomad’s white hat hackers. Here’s what happened and why we’re giving status to this elite cohort of white hats…
The Nomad Bridge was initially hacked on August 2, after bad actors discovered a security hole in Nomad’s smart contracts. that allowed them to extract funds that did not belong to them through dubious transactions.
According to a post-mortem analysis conducted earlier this month by Coinbase blockchain threat intelligence principal investigator Peter Kacherginsky and Heidi Wilder, senior associate with the special investigations team, Hundreds of copycats joined the fun by copying the same code used to initiate the hack, but slightly changing the target token, number of tokens, and recipient addresses..
Nevertheless, the concept doesn’t seem to have gone over well on Twitter, as many users bothered to scoff at the idea. Huzmond wrote: “Incentive goes brrrrr” while @aldy_argr questioned if it was a “comedy account”.
“Is that what the team comes up with to solve the problem? Reward a hacker with a worthless NFT?” Hinzpak added.to which the Metagame team responded that “it was Metagame’s idea, and built by Metagame: we just brought it, Nomad. They have much bigger things to focus on.”
As of August 8, Cointelegraph reported that white hat hackers had returned around $32.6 million of the total $190 million that was stolen..
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