December 8, 2023

Nomad, a bridge that allows cryptocurrency holders to exchange their tokens between different blockchains, was the target of hackers who looted about $200 million from the business, the company and media say.

The attack was the latest to bridge the largely unregulated cryptocurrency industry.

“We are working around the clock to address the situation and have alerted law enforcement and retained leading companies for blockchain intelligence and forensics,” Nomad said in a tweet. “Our goal is to identify the accounts involved and trace and recover the funds.”

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