Cross-chain bridge protocol Nomad is getting set to relaunch and partially reimburse those that lost funds in its $190 million hack earlier this year.

“Since the Nomad Token Bridge hack, the team has been working hard on recovering funds and making the necessary updates to safely relaunch the Nomad Token Bridge,” the team noted, in a Medium post. 

Nomad has asked affected users to go through Know Your Customer (KYC) verification via CoinList, a centralized exchange and launchpad platform, to receive their reimbursements. The team at Nomad said the KYC process was essential to ensure the payments were in line with compliance norms.

This verification process is now open. Once it has been completed, users will receive a special non-fungible token (NFT), granting them access to a proportional share of the recovered funds on the Ethereum blockchain. These NFTs will be non-transferable and will allow them to receive any additional funds that are recovered in the future.

(By Vishal Chawla)