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Nomad Cross-Chain Bridge Drained of Nearly $200M in Exploit

The cross-chain token bridge Nomad suffered an exploit on Monday, August 1, with attackers draining the protocol of nearly all its funds. The total value of cryptocurrencies lost to the attack has totaled nearly $200 million. Hundreds of potential exploiters, including white hat hackers who intend to return the funds, managed to remove all the bridge’s total locked value (TVL) in just a matter of hours.