{"id":143528,"date":"2022-08-03T20:24:20","date_gmt":"2022-08-04T01:24:20","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2022\/08\/hackers-loot-blockchain-bridge-for-millions-in-frenzied-free-for-all"},"modified":"2022-08-03T20:24:20","modified_gmt":"2022-08-04T01:24:20","slug":"hackers-loot-blockchain-bridge-for-millions-in-frenzied-free-for-all","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2022\/08\/hackers-loot-blockchain-bridge-for-millions-in-frenzied-free-for-all","title":{"rendered":"Hackers Loot Blockchain Bridge for Millions In \u201cFrenzied Free For All\u201d"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/hackers-loot-blockchain-bridge-for-millions-in-frenzied-free-for-all2.jpg\"><\/a><\/p>\n<p>On Monday, hackers exploited a basic vulnerability in the code of Nomad \u2014 a crypto \u201cbridge\u201d that allows customers to transfer cryptocurrencies between different blockchains \u2014 getting away with roughly $190 million in user investments, <a href=\"https:\/\/www.cnbc.com\/2022\/08\/02\/hackers-drain-nearly-200-million-from-crypto-startup-nomad.html\" class=\"\"><em>CNBC <\/em>reports<\/a>.<\/p>\n<p>This hack is <a href=\"https:\/\/twitter.com\/mg_486662\/status\/1554256949004292096?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1554256949004292096%7Ctwgr%5Eb0b91ef7584b27d5fdf45149482de5e509caa58a%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F106459%2Fcrypto-bridge-nomad-exploited-190m-frenzied-free-for-all\" class=\"\">just the latest<\/a> in a <a href=\"https:\/\/www.theverge.com\/23017107\/crypto-billion-dollar-bridge-hack-decentralized-finance\" class=\"\">string of attacks on crypto bridges<\/a>, platforms that, according to <em>CNBC<\/em>, have collectively lost more than $1 billion to hackers in 2022 alone.<\/p>\n<p>Given that <a href=\"https:\/\/medium.com\/nomad-xyz-blog\/the-nomad-design-philosophy-6fc0eacf3263\" class=\"\">Nomad markets itself<\/a> as a \u201csecure\u201d platform, the company definitely has a lot of explaining to do.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Monday, hackers exploited a basic vulnerability in the code of Nomad \u2014 a crypto \u201cbridge\u201d that allows customers to transfer cryptocurrencies between different blockchains \u2014 getting away with roughly $190 million in user investments, CNBC reports. This hack is just the latest in a string of attacks on crypto bridges, platforms that, according to [\u2026]<\/p>\n","protected":false},"author":396,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3818,1761,34],"tags":[],"class_list":["post-143528","post","type-post","status-publish","format-standard","hentry","category-blockchains","category-cryptocurrencies","category-cybercrime-malcode"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/143528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/396"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=143528"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/143528\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=143528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=143528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=143528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}