cointelegraph

Graphic: Cryptographer (Shutterstock)As evidenced by its namesake, apparently there wasn’t much security stopping a hoard of wandering strangers from breaking into the Nomad DeFi project’s token bridge, allowing hundreds of unknown hackers and some users to walk away with over $190 million crypto, leaving behind a bare pittance in the project’s wallet.Late on Monday, users started noticing tokens being extracted from Nomad’s accounts “in million-dollar increments.” Crypto security company CertiK confirmed in a Tuesday…

Leading crypto change is reportedly acquiring a stake in the beleaguered crypto lending firm BlockFi, as the crypto industry faces meltdown.According to Wall Street Journal, FTX is currently in discussions with BlockFi regarding the stake in the firm.The acquisition talks came as BlockFi secured a $250 million line of credit from FTX, which the crypto industry largely recognised as a "bailout.""BlockFi does not comment on market rumours. We are still negotiating the terms of the deal and cannot share more information at…