Hackers withdrew over $90 million worth of crypto assets from the Nomad carosschain protocol. SlowMist researchers write about this.
🚨SlowMist Security Alert🚨@nomadxyz_ a cross chain protocol was recently hacked causing the majority of their funds to be stolen.
We used @MistTrack_io and traced ~90M to the following 3 addresses here.
Follow us as we continue our investigation into this exploit. pic.twitter.com/HSV5SPU33J
— SlowMist (@SlowMist_Team) August 2, 2022
Through the MistTrack platform, analysts tracked the movement of funds to three Ethereum addresses. Most of the stolen assets are wrapped assets like WBTC and stablecoin USDC.
Here’s the addresses and how much is in each one.
Address 1: 0x56D8B635A7C88Fd1104D23d632AF40c1C3Aac4e3 ~$47M
Address 2: 0xBF293D5138a2a1BA407B43672643434C43827179 ~39.7M
Address 3: 0xB5C55f76f90Cc528B2609109Ca14d8d84593590E ~$8M
— SlowMist (@SlowMist_Team) August 2, 2022
According to preliminary estimates by the researcher Paradigm, the value of the withdrawn assets is $150 million.
1/ Nomad just got drained for over $150M in one of the most chaotic hacks that Web3 has ever seen. How exactly did this happen, and what was the root cause? Allow me to take you behind the scenes 👇 pic.twitter.com/Y7Q3fZ7ezm
— samczsun (@samczsun) August 1, 2022
Almost the same amount is called by PeckShield researchers. According to them, funds were received at 41 addresses.
#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).
~10% of these addresses with ENS names getting $6.1M pic.twitter.com/UUjk7ZiiKE— PeckShieldAlert (@PeckShieldAlert) August 2, 2022
At the moment, Nomad representatives have confirmed the information about the incident and assured users that they understand what happened.
We are aware of the incident involving the Nomad token bridge. We are currently investigating and will provide updates when we have them.
— Nomad (â¤â›“🏛) (@nomadxyz_) August 1, 2022
At the time of writing, the TVL of the Nomad platform is only $10,937, although shortly before the incident, the figure exceeded $180 million.
