Cryptocurrency hackers steal all funds from Nomad Bridge project, leaving only $ 651

Cryptocurrency hackers have hacked the Nomad Bridge token bridge and stolen $ 190,000,000 (almost all of the project’s liquidity), leaving only $ 651. As it became known, the Nomad Bridge exploit differs from many similar cyberattacks: funds were sent through the bridge to hundreds of cryptocurrency wallets.

According to Nomad Bridge representatives, the attack allowed hackers to steal various assets, such as wrapped BTC and ETH, USDC and Dai stablecoins, and tokens from Frax, GeroWallet, and Card Starter projects. Nomad Bridge provides transactions between Ethereum, Avalanche, Moonbeam, Evmos, and Milkomeda blockchains. It was due to the cyberattack that representatives of the Moonbeam blockchain informed users that the platform would temporarily be down. However, after a while, Moonbeam resumed working as usual.

The Nomad Bridge exploit is not the only hacker attack of this type. Recently, the Harmony Protocol team reported a cyberattack on the Horizon cross-chain bridge, as a result of which hackers stole assets worth about $ 100 million. At that time, blockchain representatives offered a reward of $ 1 million for the return of the stolen funds, but this amount was not enough for the hijackers.