nomad

According to Decrypt, the Israeli National Prosecutor's Office announced on Thursday that it has extradited Alexander Block, who holds dual citizenship in Israel and Russia (formerly known as Alexander Gurevich), to the United States. He is accused of stealing approximately $2.8 million in assets from the cross-chain bridge Nomad in 2022.Block was handed over to the U.S. authorities early that morning after failing multiple appeals in Israel. He was arrested at Tel Aviv's Ben Gurion Airport in May 2025 while preparing to fly to Russia, shortly after changing his surname and obtaining a passport under his new name.According to the U.S. extradition request disclosed in the Israeli Supreme Court ruling, a federal grand jury in the Northern District of California had indicted Block in August 2023 on four counts of computer fraud, one count of transporting stolen property, and three counts of money laundering. The U.S. formally submitted the extradition request in December 2024.Prosecutors stated that a vulnerability was left in the Nomad smart contract after a software update in June 2022, allowing users to obtain tokens on one chain without locking equivalent assets on another chain. Block, using the username "Bitlik," first conducted six test transfers and then completed four major transfers around August 1, 2022, acquiring tokens worth over $2.8 million, which he transferred through multiple wallets and exchanged for other cryptocurrencies to conceal the source of the funds.The U.S. allegations claim that his actions exposed the vulnerability, leading other users to withdraw nearly all of the over $186 million in user funds controlled by Nomad's wallet. Days later, Block returned some tokens and contacted Nomad executives via Telegram, proposing to return the remaining assets in exchange for a bounty for the vulnerability, but then cut off communication, prompting Nomad to report to U.S. law enforcement. Block argued that the transactions utilized features provided by Nomad's automated system and that on-chain transfers are publicly visible, thus not constituting money laundering.The Israeli Supreme Court rejected both claims, ruling that even if the software technically allowed the operation, exploiting a programming vulnerability could still constitute illegal intrusion into a computer system, and publicly visible transactions do not necessarily identify the actual controller behind the wallets.In December 2025, the U.S. Federal Trade Commission proposed a settlement regarding Nomad's operator Illusory Systems, stating that the cross-chain bridge lost $186 million due to insufficiently tested software updates, and the settlement required it to return recovered funds to users who had not yet been compensated; Nomad recovered approximately $22 million within days after the attack.

According to market news, Bhutan has launched a digital nomad visa supported by Solana. By investing $10,000 in TER tokens and paying $2,800, one can reside for 36 months.

The U.S. Federal Trade Commission (FTC) announced on Tuesday that it has proposed a settlement to Nomad crypto bridge operator Illusory Systems, related to a hacking incident that nearly resulted in the theft of all platform funds.According to the FTC's complaint, Illusory Systems introduced a critical vulnerability in a code update in June 2022, which hackers began exploiting on August 1, leading to the theft of approximately $186 million in Ethereum, USDC, DAI, and WBTC assets, with user losses exceeding $100 million. The FTC alleges that Nomad, while claiming to be a "security-first" platform, failed to adequately test its code, maintain clear vulnerability reporting and incident response processes, and did not deploy basic security measures to limit user losses.Under the proposed settlement, Illusory Systems will be prohibited from making false claims about its security practices, must implement a formal information security program, undergo independent security assessments every two years, and return unreimbursed recovered funds to affected users. After the hack, Nomad only recovered $22 million of the stolen funds.

ChainCatcher news, according to DL News, last week, Israeli police arrested a hacker suspected of participating in the Nomad attack, which resulted in the theft of $190 million in crypto assets from the cross-chain protocol and ultimately its collapse.The suspect, Alexander Gurevich, was arrested at Ben Gurion Airport in Tel Aviv. He holds dual citizenship of Russia and Israel and was attempting to travel to Russia using identification under a different name at the time of his arrest.

ChainCatcher news, Nomad Capital managing partner Erick Zhang tweeted, "The unlocked amount is not equivalent to the circulating amount. Many project teams claim the token unlocked amount as the circulating amount, falsely reporting the circulating market value, which leads to data platforms displaying incorrect data and misguiding investors. It is recommended that investors check on-chain data themselves to derive the correct market value. Taking the BTCfi project Corn as an example, its actual circulating amount is only at most 3%, corresponding to a market value of about 3 million dollars, rather than the 25% circulating amount displayed on the project team's website. Coingecko also simply shows the 25% circulating amount reported by the project team, thus incorrectly displaying a market value of 30 million dollars."

ChainCatcher news, according to Forbes, the number of digital nomads in the United States reached 17.3 million in 2023, with most being freelancers. The latest data from MBO Partners shows that this number will increase to 18.1 million in 2024, accounting for 11% of the labor force, a year-on-year growth of 4.7%, and an increase of over 147% since 2019. Among them, 79% use AI to enhance their competitiveness.The article also lists the top five popular destinations for digital nomads in 2025. They include: Saint Lucia, which is an ideal choice in the Caribbean due to its beautiful natural scenery, warm climate year-round, and flexible visa policies; Lisbon, Portugal, which attracts remote workers with its affordable cost of living, digital nomad visa, and abundant co-working resources; Barcelona, Spain, favored for its cultural heritage, beach views, and family-friendly visas; Greece, offering tax incentives and long-term visas suitable for both short-term and long-term nomads; and Panama, which has become a popular choice in Central America due to its low cost of living, natural beauty, and a nomadic visa lasting up to 18 months.

ChainCatcher news, at the opening ceremony of the GameOn TON Global Game Hackathon held in Singapore on September 19, the Nomad Capital Venture partner Siddharth emphasized that this is a golden period for developing mature applications and games. He stated that Nomad Capital aims to provide comprehensive support to builders, leveraging its rich experience in operations, market-making background, liquidity, and token economics.Siddharth pointed out that the TON ecosystem has a large user base and tremendous development potential. Especially in the current context of industry downturn, providing users with a high-quality product experience is particularly important. He believes that this GameOn TON hackathon will bring forth many outstanding developers to jointly promote the prosperous development of the TON ecosystem.

ChainCatcher news, according to monitoring by Shield, the address marked by the Nomad Bridge attacker has transferred 14,500 ETH (worth approximately 35.2 million USD) to Tornado Cash.

ChainCatcher news, according to Lookonchain monitoring, the Nomad attacker address spent 39.75 million DAI to buy 16,892 ETH one hour ago and deposited the ETH into Tornado.Cash.

ChainCatcher news, according to CertiK monitoring, Nomad attackers have transferred 45 million DAI to a new address and exchanged it for ETH.

ChainCatcher news, according to Bitcoin.com, the South African mixed trading platform Neonomad will launch Zarcoin (ZARC), a stablecoin pegged to the South African Rand. The goal of Zarcoin is to bridge the gap between traditional finance and crypto finance while enabling seamless local and cross-border transactions.

ChainCatcher news, according to Cointelegraph, the Thai government has announced the launch of a new visa category for digital nomads and freelancers. Reportedly, this visa allows them to work in the country for nearly a year, but details regarding tax and income requirements remain unclear. In recent years, the country has become a hotspot for digital nomads, attracting cryptocurrency traders and developers.It is reported that the Thai government has introduced a new Thai Destination Visa (DTV) for foreigners wishing to work while on holiday. The DTV costs $270 (10,000 Thai Baht) and is valid for five years. The stay duration for the DTV is 180 days, which can be extended for another 180 days for the same fee, allowing holders to work in Thailand for nearly 12 months each time. The visa stipulates that for those working remotely in Thailand, a support guarantee of at least approximately $13,650 (500,000 Thai Baht) must be provided for spouses and children.However, the new DTV should not be confused with the Long-Term Resident (LTR) "Thailand Work" visa, which is often referred to as the digital nomad visa. The latter is more difficult to obtain and requires a minimum average personal annual income of $80,000 and health insurance coverage. Foreign professional workers must also sign an employment contract with a company that has a minimum total income of $150 million over the past three years.

ChainCatcher news, the DAO as a Service infrastructure Dora Factory announced the completion of a new round of strategic financing of $10 million, with participation from Nomad Capital, No Limit Holdings, Sky9 Capital, Singapore UOB-Signum Blockchain Fund, Interop Ventures, and others. This financing will accelerate the adoption and strategic expansion of Dora Factory's decentralized governance and public goods funding technology stack.According to the Web3 asset data platform RootData, Dora Factory is a multi-chain DAO infrastructure that provides multi-chain authorization, privacy voting, Bounty services, and other infrastructure for startup teams and DAOs. Dora Factory offers a playground where DAOs can be easily created with cool features to meet their key needs in governance, fundraising, collaboration, management, and more.

ChainCatcher news, Oak Grove Ventures has disclosed its investment in the well-known crypto venture fund Nomad Capital, partnering to shape the future development of the crypto industry.It is reported that Nomad Capital received investment from Binance in March this year. The fund mainly focuses on blockchain infrastructure, DeFi, gaming, and consumer dApps, aiming to create value for its portfolio projects through various means, including product consulting, business development, token economics design, talent recruitment, and token launch strategies.

ChainCatcher news, DEX infrastructure Native has completed a $2 million seed round financing, led by Nomad Capital. The funds raised will be used for product development to achieve modularity and interoperability.According to the crypto data platform RootData, Native is a DEX infrastructure layer that transforms asset exchange functionality into a toolkit, allowing any application to become a DEX in minutes, integrating top liquidity providers and earning its own trading fees. (Source link)