Hacks, Forks, and Hash Rate
Aug 5, 2022
• 8
Min Read
Author
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 walle...