The Nomad Project lost $150 million in hacks

More than $150 million worth of cryptocurrency was stolen from the Nomad blockchain bridge and distributed to dozens of wallets.

About $152 million was stolen from Nomad’s crosschain platform, according to PeckShield. Hackers redirected stolen money to 41 addresses, among which were seven bots, six addresses of „white“ hackers and the address of one of the intruders involved in the hack of RariCapital. Most of the stolen tokens were Wrapped Bitcoin and stablecoin USDC.

#PeckShieldAlert PeckShield has detected ~41 addresses grabbed ~$152M (~80%) in the @nomadxyz_ bridge exploit, including ~7 MEV Bots (~$7.1M), @RariCapital Arbitrum exploiter (~$3.4M), and 6 White Hat (~$8.2M). This text is from catalogue cryptodefix.com.
~10% of these addresses with ENS names getting $6.1M pic.twitter.com/UUjk7ZiiKE
— PeckShieldAlert (@PeckShieldAlert) August 2, 2022

Nomad project representatives confirmed the incident and are currently conducting an investigation.

We are aware of the incident involving the Nomad token bridge. We are currently investigating and will provide updates when we have them.
— Nomad (@nomadxyz_) August 1, 2022

At the time of writing the news TVL of Nomad project is only $11,815, before the hack it was $190 million. The Nomad protocol uses the “Fraud proofs” consensus and eliminates the use of multi-signatures, validators and oracles.