• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Metaplanet Acquires 1,088 Bitcoin, Boosting Holdings Significantly

    BTC, ETH Reserves on Exchanges Hit Historic Lows

    Bitcoin Exchange Reserves Hit Historic Lows Amid Broad Market Implications

    Bitcoin Exchange Reserves Reach Historic Lows Influencing Market Dynamics

    Bitcoin Exchange Reserves Reach Historic Lows

    Bitcoin Exchange Reserves Hit All-Time Lows

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    Binance’s CZ Proposes Dark Pool DEX for Crypto Futures

    Vitalik Buterin Plans to Scale Ethereum Tenfold by 2025

    Vitalik Buterin Plans Ethereum Scaling to 100,000 TPS

    Vitalik Buterin Plans Major Ethereum Scaling Boost

    Ripple CEO Urges Crypto Unity, Addresses Bitcoin Tensions

    Ripple CEO Calls for Crypto Community Unity

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Alexander Gurevich Arrested for Nomad Bridge Hack

Solomon M. by Solomon M.
May 6, 2025
in Latest News
Key Points:
  • Main event, leadership changes, market impact, financial shifts, or expert insights.
  • Gurevich arrested at Ben-Gurion Airport.
  • $190 million in digital assets stolen.
arrest-of-alexander-gurevich-at-ben-gurion-airport
Arrest of Alexander Gurevich at Ben-Gurion Airport

The arrest of Gurevich could rebuild trust in crypto security, reflecting law enforcement’s increased focus on cybercriminals.

Background and Arrest Details

Gurevich’s arrest stems from his alleged role as the key architect of the 2022 Nomad Bridge hack. The breach resulted in the theft of nearly $190 million in digital currencies. Israeli police detained him while he was in Israel, marking a pivotal movement in the ongoing investigation.

A dual citizen, Gurevich reportedly used fraudulent means to contact Nomad’s CTO, attempting to negotiate a reward for discovering the security loophole he allegedly exploited. The U.S. seeks his extradition on computer fraud and money laundering charges, which underline the international scale of such cyber incidents.

Alexander Gurevich, Suspect in Nomad Bridge Hack, “contacted Nomad’s CTO under a false identity, apologized, returned a fraction of the funds, and demanded a $500,000 ‘reward’ for finding the bug. Authorities say he ceased communication after Nomad offered him 10% of the stolen assets.”

The immediate effects of the arrest on the crypto market and investor confidence remain to be seen. However, experts believe that successful prosecution might deter future exploits, potentially reassuring stakeholders about the safety of blockchain technologies.

Implications for the Crypto Market

Losses from the Nomad hack have spotlighted vulnerabilities in cross-chain bridge protocols. Institutions and investors are increasingly cautious, with potential impacts on fundraising and trust in similar technologies. Further regulatory scrutiny of these platforms is also anticipated following the incident.

Authorities argue that apprehending hackers like Gurevich could lead to improved security measures. The historical trend of bridge hacks often results in reforms and stricter policies, with technology firms likely to bolster their defenses in response to such events.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

Previous Post

XRP ETF Momentum Grows, Ethereum Faces Resistance, BDAG’s $0.0019 Price Nears Deadline

Next Post

India Offers Tariff Concessions Amid Trump Tariff Delay

Solomon M.

Solomon M.

Related Posts

Global Debt Surges to Record $324 Trillion in Q1 2025

by Solomon M.
June 2, 2025

Global debt reaches $324 trillion in Q1 2025, causing global financial concerns.

Global Debt Reaches $324 Trillion in Q1 2025

by Solomon M.
June 2, 2025

Global debt hits $324 trillion in Q1 2025, driven by China, France, Germany.

Robert Kiyosaki Prioritizes Silver Over Bitcoin and Gold for 2025

by Solomon M.
June 2, 2025

Robert Kiyosaki shifts focus to silver, predicting 3x returns in 2025 over Bitcoin and gold.

Changpeng Zhao Proposes Decentralized Dark Pool for Crypto Futures

by Solomon M.
June 2, 2025

Changpeng Zhao suggests a dark pool-style DEX for crypto futures, prompting market speculation.

Elon Musk Unveils XChat with Bitcoin-style Encryption

by Solomon M.
June 2, 2025

Elon Musk announces XChat on X, integrating Bitcoin-style encryption for secure messaging.

Elon Musk Launches XChat with Bitcoin Encryption on X

by Solomon M.
June 2, 2025

Elon Musk introduces XChat, a new X messaging system using Bitcoin-style encryption for secure communication.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.