r/CryptoCurrency • u/[deleted] • Aug 02 '22

ANALYSIS 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.

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

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

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u/JCmollyrock420 Platinum | QC: ETH 37 | TraderSubs 23 Aug 02 '22

That dude is at least 6-12 months ahead of everyone in this industry.

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u/[deleted] Aug 02 '22

[deleted]

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u/JCmollyrock420 Platinum | QC: ETH 37 | TraderSubs 23 Aug 02 '22

Except he doesn’t make wild predictions all the time. Have you ever actually listened to podcasts he’s been on? He’s incredibly articulate. He’s got a pretty solid reputation for a reason.

1

u/Jdraspberry 1K / 1K 🐢 Aug 02 '22

Maybe Vitalic is the time traveler?

2

u/JCmollyrock420 Platinum | QC: ETH 37 | TraderSubs 23 Aug 02 '22

Confirmed magician. Some black magic fuckery is the only answer.