Skip to content

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

Nomad bridge

Source: Nomad

Updated on

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.