The First Truly Decentralized Robbery was just Committed, Here is How it Happened

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The First Truly Decentralized Robbery was just Committed, Here is How it Happened

The First Truly Decentralized Robbery was just Committed, Here is How it Happened

At this point I am sure many of you have heard of the nomad bridge exploit. Unlike previous exploits, this wasnt a flashloan or even carried out by a single group of attackers. After an initial attacker struck, hundreds of separate accounts figured out the trick and copy pasted their way into grabbing stolen funds. The bridge went from having $190,740,000 to $1,000 in a matter of hours.

https://preview.redd.it/y9iefnch39f91.png?width=2340&format=png&auto=webp&s=7be815f3f62671372a127039c5718a7b478a5da1

A perplexing aspect of this vulnerability was that all users had to do to hack bridge funds was copy the original hacker's transaction calldata, replace the original address with a personal one, and the tx would succeed! Easy as CTRL-C, CTRL-V!

However, not all of the thieves were bad. Some of them exploited the contract so other wouldnt be able to and planned to return the money back to nomad. For example, leadingscientist.eth

https://preview.redd.it/fgzx6sks39f91.png?width=3557&format=png&auto=webp&s=ee8ebc64a48bde5f8d749c521188a36d6bced5ca

https://preview.redd.it/g496z1dw39f91.png?width=1284&format=png&auto=webp&s=3eb0dbca21bfeb9d92ecd0a7573e6accce5cc867

So all in all it was a messed up exploit but there were some nice people who plan to return the money. Faith in humanity restored maybe?

Credit: https://twitter.com/0xfoobar/status/1554234268884389888

submitted by /u/Far-Scholar9028
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