Israel extradites alleged Nomad Bridge exploiter to US over $2.8M theft

Israel's Supreme Court has approved the extradition of a suspect in the Nomad Bridge exploit to the United States, according to a report. The court ruled that exploiting a coding flaw can count as computer intrusion even when the software permitted the transaction. The case concerns roughly $2.8 million in stolen funds and matters to traders because it sets a legal precedent that on-chain exploits of smart contract bugs can be prosecuted as crimes, raising legal risk for would-be attackers.