Crypto Bridge Nomad Drained of Nearly $200 Million in Exploit

Sidhartha Shukla reports:

Nomad, a bridge protocol for transferring crypto tokens across different blockchains, lost close to $200 million in a security exploit on Monday, according to security firm PeckShield Inc.

The software system was drained of funds over hours and in small batches by various accounts, blockchain data shows.

Read more at Bloomberg.

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