Welcome to the Tech Mem Right Home for Tuesday, August 2nd, 2022.

I'm Brian McCullough today.

Seriously, what is it with crypto bridges?

Why are they so seemingly easy to hack?

New York cracks down on Robin Hood. A bunch of Silicon Valley boldface names are going to be swept up into the Twitter Elon trial.

And if Chromebooks and gaming are suffering post-Cobid hangovers

is Uber a post-Covid Phoenix.

Here's what you miss today in the world of tech.

To sing the old soccer song, It happened again, it happened again, again, Tottenham Hot Spur, it happened again.

Hackers have drained nearly the entire 190.7 million dollars in crypto

that was in the Nomad token bridge.

Nomad raised in April 2022 seed from coin base, open sea, and five other companies.

So like I guess, bridges just aren't structurally sound, quoting Coine Telegraph.

The Nomad token bridge appears to have experienced a security exploit that has allowed hackers

to systematically drain a significant portion of the bridge's funds over a long series of transactions.

Nearly the entire $190.7 million in crypto has been removed from the bridge with only

$651.54 left remaining in the wallet according to

decentralized finance tracking platform Defi Lama. However, Nomad later suggested to

coin telegraph that some of the funds were withdrawn by White Hat

Friends who took the funds out with the intention of safeguarding them. So far

at least one individual has come out and offered to act as a White hat hacker who intends to return the funds they took from the bridge.

The individual going by Notify Bot on Twitter reached out to Nomad in a tweet stating,

...