The Nomad cross-chain protocol was subjected to a hacker attack, as a result of which the attackers withdrew crypto assets worth more than $ 90 million. This was reported by SlowMist researchers.

Using the MistTrack platform, analysts tracked the movement of funds to three Ethereum addresses. Most of the stolen assets are “wrapped” assets like WBTC and USDC stablecoin.

A Paradigm researcher under the nickname samczsun estimated the value of the withdrawn assets at $150 million.

Representatives of Nomad confirmed the information about the incident and assured users that they understand what happened.

At the time of writing, the Nomad platform’s TVL is only $10,937, although shortly before the incident, the figure exceeded $180 million.

Data: DeFi Llama.

The Nomad protocol uses “fraud proofs”, as in Optimistic Rollup. The technology eliminates the need to use multi-signatures, validators and oracles.

In April, the developers of the Nomad cross-chain bridge raised $22 million following a seed round led by Polychain Capital.