August 25, 2022
The Nomad Bridge Hack Incident, Covalent’s Response, Recovery Efforts & Plan Ahead
Covalent Network responds to the Nomad Bridge Hack incident, providing recovery efforts and a plan ahead for the $190M in various assets that were withdrawn to the Ethereum network, including 11.3% of the total CQT supply. The company is actively monitoring the hack and working with Nomad to recover funds and track stolen CQT.