Token bridge Nomad drained of lt200M after latest exploit

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Raul Perez

On Monday, the Nomad cross-chain token bridge was attacked, and the attackers practically drained the protocol of all its cash. Nearly $200 million worth of cryptocurrencies were lost as a result of the hack. Like other cross-chain bridges, Nomad enables users to transfer tokens back and forth between several blockchains. According to DeFi tracking platform DeFi Llama, almost all of the bridge’s $200 million in cryptocurrencies has been taken, leaving only $651.54 in the wallet.