“We will not sue white hats,” Nomad chief executive Pranay Mohan said in a statement. “But we will continue to work with our partners, intelligence companies and law enforcement to fully hold all other malicious actors accountable within the law.”
Nomad is a bridge protocol, a tool for transferring digital currencies across blockchains. After numerous hacks, bridges have become one of the weakest links in the cryptocurrency industry; consulting firm Chainalysis estimates that around $2 billion worth of digital currency will be stolen from various bridges in 2022.
Nomad has so far recovered $20 million of that $190 million, according to data from ethereum blockchain analytics platform Etherscan and Nomad’s own estimates.