Fast take:
A US extradition request claims Gurevich demanded a $500,000 reward after stealing digital tokens from a crypto pockets.
The 2022 cryptocurrency hack almost brought on the collapse of the California-based blockchain firm.
The arrest at Ben-Gurion Airport is the primary time the id of the primary suspect within the hack has been revealed.
Israeli authorities have arrested Alexander Gurevich, a twin Russian-Israeli citizen from Bat-Yam needed within the U.S. for alleged involvement within the $190M Nomad hack. In response to reviews, Gurevich was arrested at Ben-Gurion Airport final Thursday after he allegedly tried to flee to Russia utilizing a passport with a brand new final identify.
He’s needed within the U.S. for alleged involvement within the $190 million Nomad hack that almost led to the collapse of the California-based firm in 2022. The arrest at Ben-Gurion Airport is the primary time the id of the primary suspect within the hack has been revealed.
A US extradition request claims Gurevich demanded a $500,000 reward after stealing digital tokens from a crypto pockets.
Israel’s State Lawyer’s Workplace Worldwide Division is alleged to have on Friday submitted a petition to the Jerusalem District Court docket in search of to declare Gurevich extraditable to the US.
In response to prosecutors, Gurevich recognized a vulnerability in Nomad’s system and exploited it. He then proceeded to withdraw about $2.89 million in tokens. The flaw was shortly found by others, who additionally took benefit, resulting in estimated whole losses of $186 million.
DeFi protocols account for almost all of crypto exploits, accounting for about $3.1 billion of the $3.8 billion stolen in 2022. In 2023, that determine fell to $1.7 billion, though the variety of hacking incidents elevated, in response to Chainalysis.
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