DeFi insurance Nexus founder's wallet worth more than 8 million US dollars in NXM was stolen

Rhythm BlockBeats news, the decentralized insurance protocol Nexus Mutual  tweeted that at 9:40 am (local time) on December 14, the personal address of its founder Hugh Karp was hacked by members of the Mutual  association. Attack, the funds in the wallet were transferred completely. Officials said the attack only affected Hugh's addresses and personal assets, and there was no subsequent risk to Nexus Mutual or any members.

Initial findings indicate that Hugh was using a hardware wallet at the time. The attacker remotely accessed his computer and modified the Metamask extension, which tricked him into signing another transaction that transferred funds to the attacker's own address.

The attacker completed KYC 11 days ago, and then officially became a member of Nexus Mutual  on Friday, December 3rd and updated his address. The attack had no impact on Nexus Mutual 's fund pool and all systems. Nexus Mutual is conducting further investigations to determine the attackers and how they operated.

Nexus Mutual At the same time, the movement of the stolen funds was announced, and it was hoped that the community could provide assistance to stop this fund, which may be used soon. Hugh Karp tweeted that he hoped that the attacker would return all the stolen NXM, promising that if he returned it, he would abandon all investigations and provide the attacker with a $300,000 bounty.

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