Nomad Bridge Hack Suspect Nabbed at Airport, Faces Extradition to U.S.

By: cryptosheadlines|2025/05/06 19:15:01

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Alexander Gurevich, a dual Russian-Israeli citizen accused of playing a key role in the infamous $190 million Nomad Bridge hack, is now facing extradition to the United States following his dramatic arrest at Ben-Gurion Airport on May 1. The suspect was reportedly moments away from boarding a flight to Russia under a new identity—just days after legally changing his name to “Alexander Block” and obtaining a passport under the alias.Name Change and Last-Minute EscapeIsraeli authorities confirmed that Gurevich had returned from overseas on April 19 and was promptly ordered to appear for an extradition hearing at the Jerusalem District Court. But what followed was a flurry of suspicious activity: a name change registered on April 29, a passport issued on April 30, and an arrest at the airport on May 1.U.S. prosecutors had already indicted Gurevich in August 2023 on eight counts of computer-related crimes, including laundering stolen crypto assets, and submitted a formal extradition request to Israel late last year.According to U.S. authorities, Gurevich exploited a vulnerability in the Nomad cross-chain bridge in August 2022, siphoning off nearly $2.9 million worth of digital tokens. The exploit triggered a wave of copycat attacks, snowballing into one of the biggest bridge hacks of that year, with a final damage estimate of around $190 million.An Apology, a Negotiation—and Then SilenceBut what makes Gurevich’s case even more unusual is his alleged post-hack communication with Nomad chief technology officer, James Prestwich. Prosecutors claim that Gurevich—under a false identity—contacted Prestwich via Telegram, confessed to his actions, and apologized for what he called an “amateurish” attempt at exploitation. He even sent back approximately $162,000 to a recovery wallet set up by the company.In a surprising turn, Prestwich allegedly offered Gurevich a 10% bug bounty for the stolen funds. Gurevich, however, reportedly demanded $500,000 instead, then vanished from contact.Authorities now believe Gurevich was in Israel when the attack took place, strengthening the case that the cybercrime occurred under Israeli jurisdiction before escalating internationally. If extradited and convicted in the U.S., Gurevich could face up to 20 years in prison on money laundering charges alone—far exceeding the potential penalties under Israeli law.Source link

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.

2025 Full-Year Financial Highlights

Revenue: Expected to be between $39 million and $41 million, reaching a new company high.

Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.

Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.

Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.

Core Consumer Food Business Performance

In 2025, DDC's core consumer food business maintained strong operational performance.

The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.

In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.

Bitcoin Reserve Update

In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.

As of December 31, 2025: The company holds 1,183 BTC.

As of February 28, 2026: Holdings increased to 2,118 BTC

Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC

DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."

Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation

About DDC Enterprise Limited

DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.

The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins