A massive hack on the Nervos Network resulted in over $3 million in stolen digital assets.
Amount of Stolen Assets
During the attack, hackers siphoned off various digital assets, including approximately 257,800 USDT, 539.09 ETH (valued at $1.35 million), 898,300 USDC, 60,400 DAI, and nearly 0.79 wrapped bitcoin, worth around $83,000 at the time.
Money Laundering through Tornado Cash
The stolen funds were quickly swapped into ETH and funneled through Tornado Cash, a mixing service commonly used to conceal blockchain transaction trails. This complicates any potential recovery efforts and further obscures the identity of the attackers.
Nervos Team's Response
Magickbase, a key contributor to the Nervos ecosystem, confirmed the incident and took immediate action by suspending the bridge's operations. In a post, the team stated that an investigation is underway, focusing on tracing the exploit and strengthening platform security.
This incident highlights the persistent risks of vulnerabilities in interchain infrastructure, presenting new challenges for the decentralized finance sector.
