Israel extradites Nomad exploit suspect after rejecting 'code is law' defense

Crypto Insight Summary: Israel handed Alexander Block to U.S. prosecutors on Thursday to face charges over a $2.8 million exploit of the Nomad crypto bridge. The extradition was processed after Israel’s Supreme Court ruled that taking advantage of a software flaw can be criminal even when the code permits it and blocked any further appeals on the case.... Crypto Insight Analysis: Direction: Neutral Impact: No Impact Horizon: Short-term (1-3 days) Reasoning: $2.8M bridge exploit is small and legal action is unlikely to materially affect the broader crypto market.