Bridge exploits continue to prove to be a top concern across DeFi and crypto at large, as bridges time and time again have proven to be a major point of vulnerability. Enter once again another prime example with the latest 9-figure exploit, this time on the multi-chain Nomad Bridge.
In the early hours following the exploit, we’re looking at an exploit in the range of $160-190M – let’s take a look at this and more from what we know thus far.
According to Defi Llama, the bridge closed off July with a TVL of right around $190M, and as August went underway, many users on crypto Twitter began to watch the bridge get exploited and essentially drained to 0. The bulk of that