Hacking News
Israeli-Russian Citizen Extradited for $2.8M Theft from Crypto Bridge Nomad
Israel extradited an Israeli-Russian citizen, Alexander Block, to the United States to face charges over the alleged theft of approximately $2.8 million from the crypto bridge Nomad. The theft occurred in 2022 when Block exploited a coding flaw in Nomad's smart contracts, allowing users to receive tokens on one blockchain without locking up the equivalent assets on another. Block moved the stolen tokens through multiple wallets and converted them into other cryptocurrencies to conceal their origin, leading to the draining of a Nomad-controlled wallet holding over $186 million in user funds.