Harmony and Nomad crypto bridge hacks show where blockchains are weak

Harmony and Nomad crypto bridge hacks show where blockchains are weak

Crypto hackers have stolen assets worth around $1.2 billion from bridges in this year alone Crypto hackers have stolen assets worth around $1.2 billion from bridges in this year alone Another day, another hack – and another blockchain bridge burned. When thieves stole an estimated $190 million from U.S. crypto firm Nomad last week, it […]

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Weekly Crypto Roundup: new rules, severe report cards, and yet more hacks

Weekly Crypto Roundup: new rules, severe report cards, and yet more hacks

Mainstream companies and regulators are feeling the ripples coming from the crypto industry Mainstream companies and regulators are feeling the ripples coming from the crypto industry As several crypto firms reported falling revenues in the second quarter of 2022, a growing number of traders are facing the ripple effect of the meltdown spreading from the crypto […]

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Hackers drained 0 million from crypto platform Nomad: Five points to note

Hackers drained $200 million from crypto platform Nomad: Five points to note

Hackers have drained nearly $200 million in cryptocurrency from the blockchain platform Nomad. For context, Nomad is a cryptocurrency bridge that allows users to swap cryptos between two or more blockchains. This comes as further bad news for Decentralised Finance (DeFi) platforms which facilitate the borrowing and lending of crypto assets. The hack has been […]

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