Nomad

Solana and Nomad bridge fall prey to exploits losing millions

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. This past week, the DeFi ecosystem saw two exploits one after another resulting in the loss of millions of dollars. First, cross-bridge token platform Nomad became a victim of …

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Nomad reportedly ignored security vulnerability that led to $190M exploit

The exploit took place due to a smart contract vulnerability that saw hundreds of users other than the hacker also get involved, taking away as much as they can by simply copy-pasting the transaction data used by the initial hacker and changing the wallet address to theirs. The event was later deemed as a decentralized …

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Protocolo puente Nomad pierde $200 millones tras un ciberataque

En Twitter, @samczsun, un investigador en la firma de inversiones cripto Paradigm, explicó que una actualización reciente de uno de los smart contracts de Nomad facilitó a los usuarios la falsificación de transacciones. Esto significa que los usuarios podían extraer dinero del puente de Nomad que no les pertenecía. Source link

Nomad Hacked, $45M Stolen So Far: Report

Cross-chain messaging protocol Nomad is being actively hacked and at least $45 million has been stolen, The Defiant reported Monday night, sighting several Twitter posts. Nomad posted on its Twitter account that it is aware of the situation and is investigating. Source link

Nomad token bridge drained of $190M in funds in security exploit

The Nomad token bridge appears to have experienced a security exploit that has allowed hackers to systematically drain the bridge’s funds over a long series of transactions. Nearly the entire $190.7 million in crypto has been removed from the bridge, with only $651.54 left remaining in the wallet, according to decentralized finance (DeFi) tracking platform DeFi Llama. …

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