Bitcoin Blockchain defi Hackers Bitcoin

Nomad reportedly ignored security vulnerability that led to $190M exploit

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cointelegraph.com

The exploit took place due to a smart contract vulnerability that saw hundreds of users other than the hacker also get involved, taking away as much as they can by simply copy-pasting the transaction data used by the initial hacker and changing the wallet address to theirs.

The event was later deemed as a decentralized robbery by many due to the involvement of normal community members.Later, the Nomad team revealed to Cointelegraph that some of the people who took funds were acting benevolently to protect the crypto from getting into the wrong hands.

Read more on cointelegraph.com
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