Crypto Bridge Nomad Exploited for $190M in ‘Frenzied Free-for-All’

In one of the most extensive hacks since Axie Infinity’s Ronin Bridge Sidechain in March, an exploit on the Nomad token bridge has allowed attackers to rob the bridge of roughly $190 million.

Security firm PeckShield told Decrypt that the funds stolen were denominated in Ethereum, USDC, DAI, FXS, and CQT. “We are aware of the incident involving the Nomad token bridge. We are currently investigating and will provide updates when we have them,” Nomad tweeted Monday afternoon. The Nomad bridge is a protocol allowing users to move digital assets between different blockchains, including Avalanche (AVAX), Ethereum (ETH), Evmos (EVMOS), Milkomeda C1, and Moonbeam (GLMR).

Source: https://decrypt.co/106459/crypto-bridge-nomad-exploited-190m-frenzied-free-for-all