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BREAKING: Nomad cross-chain bridge has been hacked with over $190,000,000 stolen.
Nomad Bridge Hacked, Nearly All Funds Drained.
Nomad bridge is the latest crypto project to be the victim of a hack. The hackers made away with nearly all of the funds in the wallet. According to DeFi Llama, the total amount taken was $190.7 million. Nomad is a bridge that allows transfer between Avalanche (AVAX), Ethereum (ETH), Evmos (EVMOS), Milkomeda C1, and Moonbeam (GLMR).
https://watcher.guru/news/nomad-bridge-hacked-nearly-all-funds-drained?c=142
#Cryptocurrency #Bitcoin #CyberCriminal #Hacker
Thanked by 1jsg
Comments
Apparently you could just copy-paste the malicious transaction, put your own address in, and it would work and send you coins. lol
And we work for a living...
More food for North Koreans Kim Jong Un.
And we work for a living...
Trust crypto-"money"!!! Crypto-"money" is the future!!! Crypto-"money" is safe!!!
I was just thinking the same
As rarely as I agree with you you're spot on with this.
https://docs.nomad.xyz/nomad-101/introduction
Turns out it's very optimistic and not all that secure either.*
*this is not meant to be a true technical evaluation of the technologies behind Nomad.
well from my little time in this community, i have only seen Tony40 post these kinds of stuff.
Maybe he's somehow related to all these hackers?
May I please request the investigation of LowendDetectives?
He is our news reporter.. that's why he's posting such news, no collusion.
is he a insider ?
That's like saying dollars are not safe because it's possible to rob a bank.
Human mistakes and stupidity when deploying services based on crypto does not mean that crypto itself is broken.
Crypto in itself is fine. But nothing about it is "decentralized" anymore.
Sadly, that is true. While there are a few attempts to keep it as it was intended, it does seem to run towards centralized and regulated.
What if nomad owner felt that when he can have hell lot of money at once, why wait for penny commission for each transaction, so they created all this story of hack ?
I normally hate twitter for this kind of thing, but at least it explains clearly and simply (over the first 10 or so tweets) what the problem was:
https://web3isgoinggreat.com/?id=nomad-bridge-exploit
LOL!
People, laugh at banks all you want but this shit is hilarious.
https://mobile.twitter.com/0xfoobar/status/1554234268884389888
https://mobile.twitter.com/0xngmi/status/1554249779798065153
For a slightly less encumbered view, try nitter.net: https://nitter.net/samczsun/status/1554252024723546112
(though it is responding very slowly ATM, so you might want to locate a reliable instance elsewhere)
@rcy026
Well, banks usually do not process unproven (transaction) messages and neither do they (well, their systems) accept all 0x00 hashes.
Oh and btw in most civilized countries one gets reimbursed fully or at least in part if a back f_cks up.
TL;DR What happened there happened because some careless and clueless idiots ignored basic security 101.
Neither does serious cryptoexchanges. But that is a feature in the overlaying systems, not in the currency itself. Compare currency to currency and every crypto is magnitudes more secure then any fiat. Fiat currency have basically zero security, besides the "well it looks like a dollar so it probably is". All the other security features lies in the systems we have built on top of it to be able to even use fiat currency in a modern society.
Exactly my point.
Today's cryptocurrency has a singular purpose: efficiently transferring value from stupid people to smart people. For that and only that it works great. For anything else, not so much.
Do you still live in a country with paper money instead of one of these synthetic/plastic coloured money? While not perfect, I can't agree with "basically zero security" given the dozen security features to help prevent counterfeiting. It's just not a problem like it was 30 years ago where basic printers could fool basic people.
Edit: I'd also say counterfeit bills will generally get tipped off by "feel" first and then inspected closely by eye.
Crypto money is normally safe, but project or bridges developed by idiots never will be safe, you can compare to roads and bridges, normally it’s safe do drive around unless you get some idiots who thinks that they are cleaver to speed or F1 drivers 😂
Thank you for repeating exactly what I said.
"All the other security features lies in the systems we have built on top of it to be able to even use fiat currency in a modern society."