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Nomad Bridge $190M Drained - Biggest Decentralized Hack - DEFI Hacks Explained 2 года назад


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Nomad Bridge $190M Drained - Biggest Decentralized Hack - DEFI Hacks Explained

Hey guys! Unfortunately, this is another episode in our "Defi Hacks Explained" series. This week the Nomad bridge Ethereum smart contract was exploited and $190M (In form of ETH and ERC20 tokens) was stolen by 41 different actors. In today's video we will learn: What Is Nomad Bridge The fact that Known Brands back up the project, doesn't mean that it's immune to hacks. The nomad bridge vulnerability and exploitation will be explained in-depth We would examine if a smart contract auditing would help in that case. We will take a look at the exploited Nomad Bridge smart contract and the malicious transactions Shoutout to some Web3 White Hat Hackers that decided to return funds to the Nomad Bridge Rescue Wallet. It's gonna be super interesting and I'm super excited - let's go! ___________________________________________________________ Useful Links: Vulnerable Nomad Bridge deployed contract on Ethereum blockchain: https://etherscan.io/address/0x88a69b... Exploitation by RariCapital Exploited: https://etherscan.io/tx/0x358ea0b0519... Attack explanation by Gil:   / 1554294556463603713   Official Nomad Bridge return funds announcement:   / 1554679735006859264   The vulnerable code: https://github.com/celo-org/optics-mo... Nomad Bridge exploitation analytics: https://dune.com/beetle/nomad-bridge-... Different actors exploiting the vulnerability: https://twitter.com/sniko_/status/155... White hat hacker wants to return funds: https://etherscan.io/tx/0x93af1daa536... Another Robin Hood: https://twitter.com/0x_beans/status/1... Patreon:   / johnnytime   Discord: https://johnnytime.xyz/discord BUSD Tip Jar: 0xFf3d275BB50bB677Ea1f117730B68Cf42651a60f ___________________________________________________________ Timestamps: 00:00 Intro 01:40 What Is Nomad Bridge 02:35 Known Brands Doesn't Mean Secured 03:50 Nomad Bridge Vulnerability Explained 07:30 Would Smart Contract Auditing Help? 08:40 Nomad Bridge Contract 10:30 Decentralized Hack 12:20 Web3 White Hat Hackers 16:00 Outro And Summary ___________________________________________________________ ___________________________________________________________ ⚠️⚠️⚠️ #DEFI #Hacks #Nomad #Bridge #Hack #Explained #Exploited #blockchain #ethereum #EVMOS #MOONBEAM #Coin #tokens ⚠️⚠️⚠️ The content in any of Johnny's Youtube videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other & may be outdated or inaccurate; it is your responsibility to verify all information. I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am just sharing my knowledge and my findings. ___________________________________________________________ ___________________________________________________________ Social Media: Twitter:   / realjohnnytime   Instagram:   / johnnytime.eth   ___________________________________________________________ ___________________________________________________________ Music By Yoad Ronen:   / yoad-ronen   ___________________________________________________________ Until next time, Johnny Time

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