HomeCrypto NewsAltcoinNomad bridge hacked $ 190 million in cryptocurrency

Nomad bridge hacked $ 190 million in cryptocurrency

- Advertisement -

Nomad bridge hacked $ 190 million in cryptocurrency

The Nomad Bridge is undergoing a security exploit that allows bad actors to systematically withdraw funds through a series of transactions.

According to DeFi analytics site, DeFi Llama, “Almost all of the $190,7 million in crypto has been withdrawn from the bridge, leaving only $651,54 in the wallet.”

- Advertisement -

As noted, at 9:32 pm UTC, the hacker withdrew 2,3 million USD of WBTC. Then around 11.35pm UTC, the Nomad team confirmed there was a security flaw related to the Nomad bridge and said it was "currently investigating the issue".

Coins stolen by hackers include WBTC, USDC, FRAX, CQT, HBOT, IAG, DAI, GERO, SDL and a few others.

Nomad provides the infrastructure for cross-chain projects, allows dApps on different ecosystems to interact with each other, and allows token transfers between Avalanche (AVAX), ethereum (ETH), Evmos ( EVMOS), Milkomeda C1 and Moonbeam (GLMR).

In April, major players like Coinbase Ventures, OpenSea, and five other major players in the crypto industry participated in Nomad's seed fundraiser, giving Nomad a $4 million valuation.


5/5 - (1 votes)
- Advertisement -

Maybe you are interested

Shiba Inu's game has been successful in Vietnam

Shib Eternity has seen great demand in Vietnam.William Volk, Director of Shiba Inu Games, stated that Shiba Eternity has...

Shiba Inu whale suddenly woke up when SHIB increased by 34% in one day

Cryptocurrency analytics firm Santiment is tracking massive purchases by Shiba Inu.According to a new post, the company...

Shiba Inu Booms, Reaches $10 Billion Market Cap

Capital in the crypto market is turning to memes as a new week begins.Cryptocurrency meme coin Shiba...

The Merge of Ethereum Could Happen Sooner Than Expected

Ethereum's Core Team developers have agreed that The Merge could happen a few days earlier than...

Shiba Inu's new game is ready to test for Vietnamese users

Shiba Eternity is now available for public testing for Vietnamese users. The main developer of Shiba Inu, with the nickname...

Related posts

- Advertisement -