Covalent (CQT) is a multi—chain protocol asset data provider governance token that provides easy and fast access to blockchain data. In addition to serving as a management token, granting voting rights to holders, the token is an asset for stacking in the multichain API.

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🚨Attn. everyone!

We're aware of the Nomad incident. CQT bridged there was drained (along with USDC, WETH & other assets for over $175M)

This stolen CQT is about 13% of the supply. The team is working on a detailed report & will share an update soon.

⚠️DO NOT USE the Nomad token bridge for now!


Official Covalent statement: https://twitter.com/Covalent_HQ/status/1554264516266840064

Official Nomad statement: https://twitter.com/nomadxyz_/status/1554246853348036608

everyone. We're aware of the Nomad incident.