First Mover Asia: Crypto's ‘Learn-on-the-Fly’ Ethos on Display as Bridge Hack Damage Reaches $2B

“Cross-chain bridges have been targeted by nation-state threat actors in the past with meticulous planning and precise execution,” Andrew Morfill, chief information security officer at crypto custodian Komainu, told CoinDesk. “Early indications with Nomad were that it was driven by opportunistic ’looters,’ but while the drivers are different, the outcomes, inevitably, are the same. Loss of assets.”