Nomad Bridge
Contents
Nomad Bridge - REKT
The vultures had a busy night.
Nomad Bridge has been torn apart, with $190M of liquidity drained in a savage attack lasting two and a half hours.
This is the 100th incident to make it onto the rekt.news leaderboard.
Staying true to DeFi principles, this hack was permissionless - anyone could join in.
Once the fatal blow had been struck, the news spread, and many began to fight over the scraps.
Cross-chain bridges continue to be a weak point for DeFi and a juicy target for exploiters. And when they go, it's often a total collapse.
$190M... devoured.
The collateral damage from the unbacked assets is also severely affecting the chains that depended on Nomad. Moonbeam, EVMOS and Milkomeda have all taken a significant hit to their TVLs.
This incident is distinct in its every-man-for-himself nature, but many who exploited the bug have declared themselves whitehats… Rekt is looking forward to seeing how much is …
The vultures had a busy night.
Nomad Bridge has been torn apart, with $190M of liquidity drained in a savage attack lasting two and a half hours.
This is the 100th incident to make it onto the rekt.news leaderboard.
Staying true to DeFi principles, this hack was permissionless - anyone could join in.
Once the fatal blow had been struck, the news spread, and many began to fight over the scraps.
Cross-chain bridges continue to be a weak point for DeFi and a juicy target for exploiters. And when they go, it's often a total collapse.
$190M... devoured.
The collateral damage from the unbacked assets is also severely affecting the chains that depended on Nomad. Moonbeam, EVMOS and Milkomeda have all taken a significant hit to their TVLs.
This incident is distinct in its every-man-for-himself nature, but many who exploited the bug have declared themselves whitehats… Rekt is looking forward to seeing how much is …
IoC
3C5c2F4bCeC51a36494682f91Dbc6cA7c63B514C
56D8B635A7C88Fd1104D23d632AF40c1C3Aac4e3
B5C55f76f90Cc528B2609109Ca14d8d84593590E
BF293D5138a2a1BA407B43672643434C43827179
56D8B635A7C88Fd1104D23d632AF40c1C3Aac4e3
B5C55f76f90Cc528B2609109Ca14d8d84593590E
BF293D5138a2a1BA407B43672643434C43827179