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Suspect in $190M Nomad hack to be extradited to the US: Report

  • On May 1, 2025, Israeli authorities apprehended Alexander Gurevich, who holds both Russian and Israeli citizenship, at Ben-Gurion Airport due to his suspected involvement in the 2022 Nomad Bridge cyberattack that resulted in the loss of nearly $190 million in cryptocurrency.
  • His arrest came after the U.S. Requested his extradition on multiple federal charges related to exploiting a flaw in Nomad's cross-chain protocol in August 2022, encompassing offenses such as wire fraud and money laundering.
  • Gurevich reportedly exploited a flaw that allowed users to claim funds without verification, withdrew about $2.89 million, contacted Nomad's CTO under a false identity, and demanded a $500,000 reward before ceasing communication.
  • The exploit rapidly escalated when many imitators replicated the attack method, depleting nearly all of Nomad’s funds and leaving only about $651 remaining by the time the protocol was halted, according to analysis from Coinbase.
  • Israeli authorities are pursuing extradition, and experts suggest prosecution could strengthen crypto security, but increased regulatory scrutiny and investor caution may continue to affect the market.
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crypto.news broke the news in on Monday, May 5, 2025.
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