DeFi Intel

Nomad bridge

lock-mint-defunct · PageRank 0.0037

Source: rekt.news

Overview

Nomad was a cross-chain bridge protocol that allowed users to transfer assets between blockchains using an optimistic verification mechanism. It became defunct after a major exploit in August 2022, where an attacker drained most of its bridged assets due to a vulnerability in its smart contract. The protocol was shut down and the bridge is no longer operational.

Within the DeFi Intel graph, Nomad connects to 1 tracked entity, most strongly to Nomad Bridge $190M Hack.

Relations

Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).

RelationConnected entityConfidence
affectedNomad Bridge $190M Hack70%

Frequently asked questions

What is Nomad?

Nomad was a cross-chain bridge protocol that allowed users to transfer assets between blockchains using an optimistic verification mechanism.

What happened to Nomad in August 2022?

In August 2022, Nomad suffered a major exploit where an attacker drained most of its bridged assets due to a vulnerability in its smart contract, leading to the protocol being shut down.

Is Nomad still operational?

No, Nomad is defunct and the bridge is no longer operational after the exploit in August 2022.