The hackers behind the $190 million Nomad Bridge are now incentivized with white-hat non-fungible tokens (NFTs) if they return nearly all of the money they stole from the protocol at the beginning of this month.
The exclusive NFT, which depicts simply a white magician’s hat, is offered by NFT affiliate Metagame and can be minted by those who return at least 90% of their stolen money to Nomad.
“If you haven’t returned the money yet, you can still do so now! Team Nomad stated via Twitter Wednesday.
Speaking to Cointelegraph, Metagame founder Brenner Speer noted that while he “has no idea if he’d induce anyone to return money they wouldn’t otherwise,” the move is part of a broader effort to promote and support Good behavior in the sector:
“I am in favor of people who do the right things for the wrong reasons. More of the right things will happen, and perhaps people will start doing more of the right things for the right reasons too.”
The non-fungible symbol has no function, essentially serving as a memento to represent an act of goodwill. The first 50 people who return the money related to this promotion will also get 100 FF Tokens, worth approximately $53, from the Web3 Forefront platform.
The Nomad Bridge was initially hacked on August 2, after bad actors discovered a vulnerability in Nomad’s smart contracts that allowed them to extract money that didn’t belong to them through suspicious transactions.
According to a post-mortem analysis earlier this month from Coinbase’s lead researcher in threat intelligence Peter Kacherginsky, and Heidi Wilder, a senior fellow on the Special Investigations team, hundreds of impersonators joined in the fun by copying the same code that was initially used for the hack but was later hacked. Slightly modify the target token, token amount, and recipient addresses.
Related Topics: Ethereum Leads the Standard for Smart Contract Security Audits
This concept doesn’t seem to have gone well on Twitter, however, and several users have taken the time to articulate the idea. Huzmond wrote, “Incentive go brrrr,” while aldy_argr wondered if this was a “comic account?”
“This is what the team came up with to solve the problem? Are you rewarding the hacker with worthless NFT?” hinzpak replied, with the Metagame team replying “It was the idea of Metagame, and Metagame built it – we just brought it in, Nomad. They have much more important things to focus on!”.
As of August 8, Cointelegraph reported that white hat hackers had returned about $32.6 million of the total $190 million stolen.