Daily Crypto NewsEDITION #559, 02 August 2022

Bridges have been "broken." Nomad Exploited

Hey Moni Maker 🧘‍♀️

Today, in 1790, the first census was taken in the United States. In general, it's scary to imagine how such things were done in the days when neither the Internet nor blockchain existed. But people somehow lived and probably had no idea that very soon (by the standards of life on planet Earth), utilities would come that would make their lives easier. Let's appreciate them.

Let’s go!

How's your morning tea/coffee? Gut? Don't you want to pour exploits instead of cream? Heh, let's go over everything in order. 

- There's a bridge called Nomad

- At night, there was movement on the bridge. Spreek, Cia Officer and Paradigm were the first who alerted

- The bridge was exploited for $190M, give or take

-...what...how did they do it? 

- Very briefly, the bridge was processing all messages correctly without checking them. It was just giving the right amount of assets.

- It turned out that by sending 0.01 wBTC and correctly filling out the message, you would get 100 wBTC in return.

The Twitter streets are already buzzing that there's a "white hat" willing to give some of the dough, but everyone could pull this stunt. Yes, even those who at the word "Solidity" think of salts or bathtubs. That's why there are probably a lot of profiteers out there. 

– Vitalik Buterin criticizes corporations' attempts to create a metaverse

– Cybersecurity company warns of a phishing attack on metamask

– Tiffany & Co turns NFT crypto punks into jewelleryShare

– Is Bitcoin coming to life, a precursor to the bull run?

– The second quarter turned green for GameFi and Metaverse

Haha Money Printer Go Brrrrr. It is a meme. It shows a certain machine that prints money without rest and leads to inflation.

And more you can find in our Glossary!

    ⚽️: Telegram and Twitter! And do not forget to download the Moni App :)