BTC PULSE
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
Play Now
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Altcoins

Nomad Exploiter Posted A Transaction With $350k Fee On Ethereum (ETH)- And It Failed

by Abimbola Adu
Aug 3, 2022 - 12:00 am
in Altcoins
Nomad Exploiter Posted A Transaction With A $350k Fee On Ethereum (ETH)- And It Failed.

On August 02, 2022, something spectacular happened in the crypto industry. A transaction having a whopping sum of $350k on the Ethereum (ETH) network failed, and the fee was not returned.

This singular event has brought about a lot of controversies, with many people terming it the first decentralized robbery ever to occur.

The nomad bridge exploit was spectacular because, unlike other robberies or exploits, it was not a flash loan or an attack carried out by a single group of attackers. Instead, after the initial hacker committed the fraud, he left open a gateway for others to penetrate and grab the stolen funds.

This series of attacks proved disastrous, and the bridge descended from a lofty high of over 190 million dollars to a measly 1000 dollars in just a few hours. 

j NSRBX3HXVd4EQ W6jN eQo5iGnnKdXbZ0ZAMntur7vmgc51m9Id zYToaYj42EZ1evsXEvFU0Cx9 6QGjDA8YTM3K caESQ3QRZjUjkVOJPXlyjth0QCkIGVsgR Gm9C7iONH1hiD1KkUE5zX6lOc

The scary part of this robbery is the vulnerability of the bridge because all the other users that had access to the bridge funds had to do was very simple.

First, they copied the original hacker’s transaction call data, replaced the original address with a personal one, and it’s done by punching a few keys. However, it’s important to note that not all the users had evil motives for grabbing the funds.

Some, like leadingscientist.eth had the intention of returning the funds but grabbed them on time so that others won’t be able to lay their hands on them. Others, on the other hand, believed it was a money laundering effort by the sender, and the transaction didn’t fail.

The sender was accused of an unknown type of money laundering whereby the sender moves illegal and stolen tokens to the block’s miner by adding so much gas fees when the gas price is low.

But it seems the hacker is an amateur because there are traces of his activities all over, and he is even linked to a wallet with ENS having a name bitliq.eth, and it seems he had previously been involved in a similar fraud.

Tags: Ethereum
Abimbola Adu

Abimbola Adu

Abimbola Adu is a crypto content writer with a background in English studies. She is keen on enlightening others about cryptocurrency and blockchains. She enjoys writing poems and spending time with family.

Related Posts

Tether logo overlaid on gold mining site representing Elemental investment

Tether Acquires 31.9% Stake in Canadian Gold Firm Elemental to Bolster Real-World Asset Strategy

June 12, 2025

Tether buys 31.9% of gold firm Elemental, boosting its XAUT token reserves with strategic gold royalties and expanding...

UK Financial Conduct Authority building representing crypto regulation efforts

UK FCA Seeks Public Feedback on Stablecoin and Crypto Custody Rules

May 29, 2025

UK FCA calls for public input on stablecoin and crypto custody rules, aiming to support innovation while ensuring...

Uniswap price chart displaying breakout from inverse head-and-shoulders pattern with bullish momentum indicators

Uniswap Becomes First DEX to Hit $3 Trillion in All-Time Volume

May 12, 2025

Uniswap becomes the first DEX to surpass $3 trillion in total trading volume, but its TVL remains half...

image1 6

XRP Holders Deploy Bitcoin Miners, Earning a Steady $9,877 Daily

May 12, 2025

XRP holders earn $9,877 daily via EarnMining—no hardware, no selling needed. Get a $15 bonus to start mining...

Press Releases

image2

Could XYZVerse Overtake DOGE and SHIB? Analysts Say $0.003333 Could Explode to $10!

March 30, 2025

XYZVerse aims to outpace DOGE and SHIB, with bold $10 price goals, strong community rewards, and rising demand as it...

image1 1

Massive Institutional BTC Buys Could Launch the Next Bull Market: 5 Altcoins to Watch

March 29, 2025

Institutional Bitcoin buys may trigger a market surge. Five altcoins, including $XYZ, stand to gain—early investors could see major ROI...

image1

XRP Faces Strong Resistance While XYZVerse Gains Early Investor Attention With 10 Billion $XYZ Airdrop

March 28, 2025

XRP struggles at resistance, while XYZVerse grabs early investor attention with a 10B token airdrop and rapid growth toward a...

BTC

Popular Memecoin MEW Pledges $10,000 to Pasadena Humane Organization to Aid Animals Affected by California Wildfires

January 20, 2025

MEW memecoin donates $10K to Pasadena Humane for wildfire-affected animals. Join the mission to aid pets and wildlife in crisis...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise