Express

Cross-chain Protocol Nomad Has Recovered $36.2 Million In Stolen Funds

Mary Liu

Summary: As of Monday, ethical hackers had returned $36.2 million to cross-chain interoperability protocol Nomad’s recovery wallet through 41 wallet addresses, according to an official tweet released Monday. The vast majority of returned funds are in stablecoins USD Coin ( USDC ), Tether ( USDT ) and altcoin Frax. The security of cross-chain bridges has become a ...

As of Monday, ethical hackers had returned $36.2 million to cross-chain interoperability protocol Nomad’s recovery wallet through 41 wallet addresses, according to an official tweet released Monday.

The vast majority of returned funds are in stablecoins USD Coin ( USDC ), Tether ( USDT ) and altcoin Frax.

The security of cross-chain bridges has become a hidden danger in the crypto industry. The hack occurred just four months after Nomad closed a $22.4 million seed round in April, with more than $190 million worth of tokens stolen in less than three hours. 

Last Update:

Tags: ,,
Link: Cross-chain Protocol Nomad Has Recovered $36.2 Million In Stolen Funds   [Copy]
Next:

Related Articles

  • Runes on Bitcoin: The Next Big Opportunity? 1 days ago
  • Uniswap Sued by SEC: What Does it Mean for the Future of DeFi? 6 days ago
  • The Value of Web3 Social, Explained 7 days ago
  • Initiated by Uweb and Waterdrip Capital, "Deep in Labs" announces its DePIN Demo Day 20 days ago
  • The Future of Blockchain: How Modularity is Revolutionizing the Industry 22 days ago

    • You need to login to comment.