The Nomad cross-chain bridge attack was the third-biggest CryptoHeist of 2022, and the ninth largest of all time. DeFiHacks Exploits
. While Nomad connected a variety of blockchain networks, the founder and CEO of AVA Labs, Emin Gün Sirer, tweeted about the incident and said the AVAX bridge was safe.. “Nomad was the official bridge for EVMOS , Moonbeam , and Milkomeda — The Avalanche Bridge is unaffected.”
Nomad Raised $22 Million in April, Blockchain Security Company Certik Says This Particular Bug ‘Would Be Difficult to Discover Under Conventional Auditing Practices’in seed funding in a finance round led by Polychain Capital. Other strategic investors that helped Nomad raise funds include 1kx, Ethereal Ventures, Hack.vc, Circle Ventures, Amber, Robot Ventures, Hypersphere, Figment, Dialectic, Archetype, and Ledgerprime.
“This type of issue would be difficult to discover under conventional auditing practices that assume all deployment configurations are correct, because this particular bug was introduced by mistakes in the deployment parameters,” Certik’s report on the Nomad situation concludes. “However, a broader auditing process and full-scope penetration test that includes validating deployment processes would potentially capture this bug,” the auditors added.
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