According to research published by Paul Hoffman of BestBrokers, the vulnerability of the Nomad protocol was highlighted in Nomad’s recent audit by Quantstamp on June 6 and was deemed “Low Risk.” As soon as the exploit was discovered, members of the public joined the attack by copy-pasting the initial hack transaction, which was akin to a “decentralized robbery.” More than $190 million worth of cryptocurrencies were drained from Nomad in less than three hours.
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Source: Cryptocurrency - investing.com
