Cross-chain bridge Nomad has been hacked, $191 million stolen nearly emptying of the funds
Image courtesy:Bitcoin.com News
Hackers on Tuesday drained the Cross-chain bridge Nomad of about $191 million, nearly emptying of the funds.
The cross-chain bridge permits transfers between Avalanche (AVAX), Ethereum (ETH), Evmos (EVMOS), Milkomeda C1 and Moonbeam (GLMR).
According to aggregator DeFi TVL and analytics provider DefiLlama, the total amount taken stood at $190.7 million.
After the attack, the total value locked with the project is $5,900, DefiLlama reports. At 9.32 UTC, 100 Wrapped Bitcoin (WBTC) worth $2.3 million were dropped from Nomad in the first unauthorized transaction.
Even as the community raised an alarm of an exploit, Nomad states that it knew of the incident including the Nomad token bridge and that it was investigating and would provide updates in due course.
“We’re aware of impersonators posing as Nomad and providing fraudulent addresses to collect funds. We aren’t yet providing instructions to return bridge funds. Disregard comms from all channels other than Nomad’s official channel: @nomadxyz,” Nomad stated as per MoneyControl.
In contrast to the earlier attacks, hundreds of addresses received money from the bridge as a result of this hack.
The Moonbeam smart contract platform (GLMR) entered maintenance at 11.18 PM UTC. This was carried out to look into a possible security issue. The operation will turn off all of Moonbeam’s features, including communications between smart contracts and customary user transactions.
