what's Nomad?
Nomad is a cross-chain messaging protocol designed to enable seamless and secure communication between different blockchains. It leverages an optimistic verification mechanism where messages are assumed valid unless challenged via fraud proofs, requiring only one honest updater to maintain security without relying on custodians or validators. This approach allows for efficient transfers of tokens and arbitrary data across chains, with off-chain watchers able to dispute invalid messages. Nomad's architecture supports bridgeless interoperability, powering applications like token bridges while minimizing trust assumptions.
Nomad faces FTC lawsuit over 2022 $186M hack, alleging security failures and false statements.
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x.com/nomadxyz_Faces FTC lawsuit announced in December 2025 regarding the 2022 bridge hack that resulted in $186 million stolen and $100 million never recovered, with the FTC alleging failure to use reasonable software development practices and making false statements about security.
Experienced a hack with legal proceedings concluded, resulting in findings of negligence and potential precedent-setting fines for the Web3 space.