Crypto Firm Nomad Loses Nearly $200 Million in Bridge Hack
- More than $1 billion has been stolen in bridge hacks this year
- Nomad had recently raised $22 million in a seed round
Nomad bridge
Source: Nomad
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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.