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SlowMist researchers reported that the Nomad cross-chain protocol suffered a hacker attack, which resulted in the attackers withdrawing nearly $90 million worth of crypto assets. 🚨SlowMist Security Alert🚨@nomadxyz_
SlowMist researchers reported that the Nomad cross-chain protocol suffered a hacker attack, which resulted in the attackers withdrawing nearly $90 million worth of crypto assets.
Using the MistTrack platform, analysts tracked the movement of funds to up to three Ethereum addresses. Most stolen assets are WBTC and stablecoin USDC.
Here are the addresses and how much each has.
Address 1: 0x56D8B635A7C88Fd1104D23d632AF40c1C3Aac4e3 ~47M$
Address 2: 0xBF293D5138a2a1BA407B43672643434C43827179 ~39.7M
Address 3: 0xB5C55f76f90Cc528B2609109Ca14d8d84593590E ~$8 million
— SlowMist (@SlowMist_Team) August 2, 2022
Nomad representatives confirmed information about the incident and reassured users that they understood what had happened.
The Nomad protocol uses “evidence of fraud” such as Optimistic Aggregation. The technology eliminates the need for multiple signatures, validators, and oracles.
In April, Nomad cross-chain bridge developers raised $22 million in a seed round led by Polychain Capital.
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I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
