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