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Nearly $200 Million Lost In Nomad Crypto Hack

At a glance

  • Hackers stole nearly $200 million in crypto from the crypto startup Nomad on the evening of Aug. 1, 2022.
  • The Nomad crypto hack is the most recent theft in a long history of crypto heists.
  • Nomad is a cross-chain bridge that allows users to trade cryptocurrency from one blockchain to another.
  • At about 6:00 pm ET, the company tweeted they were aware of an “incident” involving their token bridge.
  • About two hours later, hackers made off with nearly all of Nomad’s crypto.

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