High Tech > Crypto

Crypto token bridge Nomad completely drained as users turn on company

9 days ago   |   By TechRadar

Another blockchain bridge has been compromised, with this one ending up losing approximately $200 million - apparently due to the greed of its users. Nomad was exploited earlier this week, and the protocol lost pretty much everything it had, despite no malware or cyberattacks apparently being involved. While bridge exploits are not that new in the world of cryptocurrencies , this one is a little different.
Law enforcement included
Apparently, a recent update to one of Nomad's smart contracts allowed users to spoof transactions. In other words, whoever wanted to take the money from the...
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Hackers abuse ‘chaotic' Nomad exploit to drain almost $200M in crypto

Hackers abuse ‘chaotic' Nomad exploit to drain almost $200M in crypto

9 days ago   |   By TechCrunch

Cross-chain messaging protocol Nomad has become the target of crypto 's latest nine-figure attack after hackers abused a “chaotic” security exploit to steal almost $200 million in digital assets.
Nomad, a token bridge that allows users to send and receive tokens between Avalanche , Ethereum , Evmos , Moonbeam and Milkomeda C1 blockchains, was attacked on Monday, with hackers draining almost all of the protocol's funds.
Approximately $190.7 million in crypto was stolen from the bridge, according to decentralized finance tracking platform DeFi Llama , which shows that the current total value...
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Crypto Exploit Let People Steal Millions by Copy-Pasting a Script - CNET

9 days ago   |   By CNET

Nearly $200 million was stolen from Nomad, which lets people send crypto between different blockchains, in what's been dubbed a "decentralized robbery."
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