U.S. Crypto Firm Nomad Hit By $190 Million Theft.

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U.S. crypto firm Nomad has been hit by a $190 million theft, blockchain researchers said; the latest such heist to hit the digital asset sector this year.

Nomad said in a tweet that it was “aware of the incident” and was currently investigating, without giving further details; or the value of the theft.

The company, which last week raised $22 million from investors including major U.S. exchange Coinbase Global (COIN.O); makes software that connects different blockchains – the digital ledgers that underpin most cryptocurrencies.

The heist targeted Nomad’s “bridge” – a tool which allows users to transfer tokens between blockchains.

Blockchain bridges have increasingly become the target of thefts, which have long plagued the crypto sector. Over $1 billion has been stolen from bridges so far in 2022, according to London-base blockchain analytics firm Elliptic. 

In June, U.S. crypto firm Harmony said that thieves stole around $100 million worth of tokens from its Horizon bridge product. 

Reuters.

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