Cross-chain token bridge Nomad was breached on Monday, which resulted in a loss of cryptocurrency worth almost $200 million in terms of Total Value Locked (TVL).
In a statement published on Twitter, the trading platform confirmed the hacking incident:
“We are aware of the incident involving the Nomad token bridge. We are currently investigating and will provide updates when we have them.”
The protocol also warned that “impersonators posing as Nomad and providing fraudulent addresses to collect funds,” adding, "We aren’t yet providing instructions to return bridge funds. Disregard comms from all channels other than Nomad’s official channel.”
As a sort of cross-chain bridge, the protocol allows users to swap various tokens, such as Ethereum (ETH), Avalanche (AVAX), Evmos (EVMOS), Milkomeda C1, and Moonbeam (GLMR).
Citing the data from DeFi Llama, a Defi tracking data platform, the total value locked (TVL) of Nomad reached up to $190 million before the exploit, according to the online...
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