Network sources reported that Nomad's block bridge, which transfers between Ethereum, Avalanche, Moonbeam, Evmos and Milkomed networks, was subjected to a hacker attack that led to the theft of about $200 million in cryptivate.
The platform was hacked on 1 August, but at first Nomad's employees did not confirm the theft of assets, citing the need for a prompt investigation, as stated in the company's report.
The developers later published a tape that confirmed that the perpetrators had managed to steal digital assets.
According to available data, the reason for the break-in was an error in the recently updated platform. Blockcase specialists reported that any user with no programming skills could use this error to transfer the currents to his own account. It was sufficient to copy the original transaction data and replace the recipient ' s address with their own. According to the source, at the time of the hacker attack, the platform had approximately $200 million in various cryptivates that had been stolen by hackers.