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The founder of Nexus Mutual has been hacked! Over 8 million US dollars

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7 months ago

The hacker, an unknown hacker, stole $ 8 million from Hugh Karp's personal wallet, the CEO of DeFi platform known as Nexus Mutual. A subtle trick The hacker is a member of Nexus Mutual, which was recently reviewed. Know-Your-Client (KYC) 11 days ago, although the details of the attacker were not fully identified. But an investigation is still ongoing. The hackers who came to the attack needed to be a verified member of the platform to be able to receive the NXM tokens, a Nexus Mutual manager told the media that they "It is working on the assumption that [hacker] may be performing identity fraud." The hackers have begun converting a total of 370,000 NXM stolen tokens worth $ 8.2 million at the time of writing to Ether (ETH) and still have 354 ETH balances of over 200,000. US Dollar Laxness creates the unexpected. According to Nexus Mutual, the money went missing Monday morning by hacking Karp's personal device, where the hacker reportedly tricked him into installing a fake version of MetaMask that Can enable Karp's signing of transactions to redirect all of his NXM tokens to the hacker's address.

According to Nexus Mutual, Karp still uses a hardware wallet. Use self-defense tactics By replacing the legitimate transactions themselves, some hardware wallets should be protected against this type of attack. This requires authentication through the user's personal device. Display screens should be protected from this form of tampering as well. A mistake that has a big impact The value of NXM tokens has decreased 17% since the hack, although the protocol itself is not affected. However, the number of NXM stolen in the hack is approximate. 6% of all tokens circulating in the system Which could cause the price to drop significantly Karp later added to the hacker: His hack was A "very good trick", he offered a $ 300,000 reward and reduced all exchange fees in exchange for returning the token. He said hackers would likely have problems converting NXM to other forms of money.

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