Tag: nexus mutual

Mar 17 2022

3 Tools to Keep Your Funds Safe Using DeFi

According to DeFillama, the TVL in DeFi has grown exponentially attracting global attention and adoption. 250% in the last 12 months. However, this explosive growth of the DeFi space has left huge loopholes in security. Therefore, this vulnerability makes it possible for nefarious individuals to exploit this truly innovative yet nascent space. In this article, you will...

Apr 26 2021

Mar 18 2021

Nexus Mutual Offers DeFi Insurance to Another Bitcoin Lending Platform

Bitcoin lending service Hodlhaut has partnered with Nexus Mutual, creating a smart contract on Ethereum to provide insurance coverage to its investors. Hodlnaut Buys Into NXM Pool Centralized...

Feb 16 2021

DeFi Insurer Nexus Mutual Raises $2.7M in NXM Token Sale

Feb 16 2021 Published at CoinDesk under tags  1confirmation business defi nexus mutual nxm

The firm aims to sell over $1 billion worth of cover in 2021 spread across at least 30 protocols.

Feb 08 2021

Armor Finance Denies User $1.6 Million Insurance Claim

Feb 08 2021 Published at Crypto Briefing under tags  business defi insurance nexus mutual

DeFi insurance service Armor Finance has been accused of backing out of a $1.6 million insurance claim, according to one of its pseudonymous clients. User Claims He Was Defrauded Kferretcrypto, who says he was defrauded, attempted to settle an insurance claim concerning a Nexus Mutual investment. The user...

Jan 12 2021

Nexus Mutual Now Protects Coinbase, Binance Users

Nexus Mutual is now offering centralized exchange cover. The protocol will compensate users who lose 10% of their funds or experience prolonged withdrawal halts. Nexus Mutual Expands Cover to CeFi Nexus Mutual,...

Dec 15 2020

$8 Million Nexus Mutual Hacker Lives in Singapore, Says Team

The attacker who stole more than $8 million worth of NXM from Hugh Karp has cashed out a significant portion of his stash. Nexus Mutual has identified many clues pointing to a potential suspect. Nexus Mutual Hacker Dumping Stolen Funds In a year...

Nexus Mutual Founder Offers $300k Bounty After $8m Hack

The latest incursion in the burgeoning decentralized finance sector has targeted an individual, Nexus Mutual founder Hugh Karp whose wallet got hit for $8 million. The incursion was posted on the official Nexus Mutual twitter feed with an explanation to users that it was a targeted attack and no funds were in danger on the DeFi insurance...

Dec 14 2020

CEO of DeFi Insurer Nexus Mutual Hacked for $8M in NXM Tokens

Dec 14 2020 Published at CoinDesk under tags  defi hacks markets news nexus mutual

Nexus Mutual's CEO, Hugh Karp, lost the tokens after an attacker gained remote access to his computer.

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