U.S. crypto firm Nomad has been hit by a $190 million theft, blockchain researchers said on Tuesday, the latest such heist to hit the digital asset sector this year. Nomad said in a tweet that it was aware of the incident and was currently investigating, without giving further details or the value of the theft.<\/p>\n
Crypto analytics firm PeckShield told Reuters $190 million worth of users cryptocurrencies were stolen, including ether and the stablecoin USDC. Other blockchain researchers put the figure at over $150 million. San Francisco-based Nomad did not immediately respond to a request for comment.<\/p>\n
The company, which last week raised $22 million from investors including major U.S. exchange Coinbase Global, makes software that connects different blockchains the digital ledgers that underpin most cryptocurrencies.<\/p>\n
The heist targeted Nomads bridge a tool which allows users to transfer tokens between blockchains.<\/p>\n
Blockchain bridges have increasingly become the target of thefts, which have long plagued the crypto sector. Over $1 billion has been stolen from bridges so far in 2022, according to London-based blockchain analytics firm Elliptic.<\/p>\n
In June, U.S. crypto firm Harmony said that thieves stole around $100 million worth of tokens from its Horizon bridge product.<\/p>\n
In March, hackers stole around $615 million worth of cryptocurrency from Ronin Bridge, used to transfer crypto in and out of the game Axie Infinity. The United States linked North Korean hackers to the theft.<\/p>\n
Nomad described itself as security-first business which would keep users funds safe.<\/p>\n
PeckShield said that a small proportion of the coins were moved to a so-called mixer, which masks the trail of crypto transactions, while around $95 million was held in three other wallets.<\/p>\n
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\nUS cryptocurrency firm Nomad hit by $190 million theft - The Financial Express<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"