The Evmos Chain is Functioning Properly

Aug 02,2022
KingData News: Cosmos Eco EVM compatible chain Evmos tweeted that a couple hours ago, the Nomad ERC20 bridge contract was exploited. Most assets have been drained. We’re working closely with the Nomad team and will follow up as we get more info. The Evmos chain is functioning properly. This is strictly a bridge exploit. Currently Nomad is paused, so users cannot withdraw their ERC20 wrapped assets from Evmos back to Ethereum. The team will keep you updated on how this affects Evmos users and those with Nomad wrapped assets.
On August 2, crypto KOL 0xfoobar posted that the cross-chain solution Nomad had been hacked, and that WETH and WBTC were being transferred out at a rate of millions of dollars each, leaving $126 million in the contract potentially at risk.
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