Sep 28, 2022
At the beginning of August of 2022, Nomad, the cryptocurrency bridge that lets users swap tokens between blockchains, was hit by hackers which stole $190 million of its funds. Nomad is a cross-chain bridge that allows users to send tokens between Ethereum, Avalanche, Evmos, Milkomeda C1, and Moonbeam networks, and the hackers managed to pull this off by first withdrawing 100 WBTC, which they immediately swapped for WETH and ETH. Interestingly enough, the hackers returned just a mere $9 million! Not long before this major hack, Aviva Ounap, host of Crypto and Blockchain Talk, interviewed Barbara Liau, COO of Nomad, touching on the security, vision, and future of Nomad. Join us for an interesting introspective into a blockchain prior to a major hack, and the dedicated people who really want nothing but to support the vision of a decentralized future for all.
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