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According to CNBC, hackers were able to get away with $190 million in user investments by exploiting a vulnerability in the code of Nomad.
According to CNBC, the platforms have collectively lost more than $1 billion to hackers since the beginning of the year.
The company has a lot of explaining to do since it markets itself as a secure platform.
The company has remained tight-lipped about the incident, but some analysts think it happened.
"Nomad just got drained for over $150 million in one of the most chaotic hacks that Web3 has ever seen", said Sam Sun, a researcher at.
Sun claimed that the hackers did not need a lot of technical knowledge to execute the theft.
Bad actors were able to forge transaction data with a simple copy-paste command because of a coding mistake in a software update.
The only thing you had to do was find a transaction that worked, replace the other person's address with yours, and then re-broadcast it.
According to CNBC, Nomad has yet to inform its users if they'll be reimbursed, but given the industry's track record, users should be prepared to call their lost investments a write off.
The hackers drained nearly $200 million from the startup.
The Bros admitted that they stole $30 million of its money.
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