Hacks, Forks, and Hash Rate

Aug 5, 2022 • 8 Min Read

Not-So-Private Keys

This week started with a pair of high-profile exploits – the first of which came in the form of a bridge hack, as interoperable bridging protocol Nomad was hacked for $200 million. Ironically, the vulnerability appeared to stem from a known bug highlighted in a previous audit. Despite this, the Nomad hack furthered widespread skepticism surrounding multichain bridge security.

To seemingly one-up Monday’s hacker, an entity on Tuesday began a smaller but arguably more sinister hack that manifested in funds being drained from individual “non-custodial” hot wallets native...

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