Reports suggest that Nomad may have ignored a security flaw that was highlighted during the audit.
Nomad exploit was one of the biggest cryptocurrency hacks in history. As a result, over $190 million worth of funds were drained. It was branded as “one of the most chaotic hacks that Web3 has ever seen.”
PeckShield has detected the recovery of $9 million in different crypto-assets to the cross-chain bridge. As per the company’s findings, a majority of the funds were returned in the form of USDC stablecoin followed by USDT, and other altcoins.occurred due to a flaw in the smart contract. This drove hundreds of users, with no technical knowledge, to find a transaction that worked, modify the target address with their own, and rebroadcast it.
with a leading intelligence firm, TRM Labs, as well as law enforcement to trace the stolen funds and identify the recipient wallets.As investigations continue, reports about a lapse from Nomad’s side have cropped up. According to crypto analysis group BestBrokers, the vulnerability that was exploited by the attackers was allegedlyIt was reportedly deemed as “Low Risk.
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Cross-Chain Bridge Nomad Loses $190 Million Making It 2022's Third-Largest Crypto Heist – Bitcoin NewsThe Nomad cross-chain bridge attack was the third-biggest CryptoHeist of 2022, and the ninth largest of all time. DeFiHacks Exploits
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Nomad Bridge Hack Allowed 'Mob' of Users to Drain Protocol of $190 Million in CryptoAn initial Monday hack led to a frenzied rush of hackers and regular users as they robbed the bridge of millions of dollars in several different crypto tokens.
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Nomad cross-chain crypto bridge suffers possible multimillion-dollar exploitA possible exploit of the Nomad cross-blockchain bridge has resulted in the outflow of millions of dollars worth of crypto.
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Nomad Bridge Suffers $190M Loss in Chaotic Copy-Paste AttackThe Nomad cross-chain bridge has suffered an exploit resulting in a large number of malicious 'copy/paste' actors draining the protocol’s collateral.
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Nomad Bridge Drained of Nearly $200M in Exploit.nomadxyz_ pitched itself as a 'secure' alternative to other cross-chain bridges. On Monday, it was drained completely. How did Nomad lose $200 million? skesslr reports
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