이 기사 공유하기

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

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

작성자 Omkar Godbole
업데이트됨 2021년 9월 14일 오전 10:42 게시됨 2020년 12월 14일 오후 1:11 AI 번역
Laptop user

The CEO of decentralized finance (DeFi) insurer Nexus Mutual has lost the equivalent to over $8 million in a targeted attack, the firm disclosed Monday.

STORY CONTINUES BELOW
다른 이야기를 놓치지 마세요.오늘 Crypto Daybook Americas 뉴스레터를 구독하세요. 모든 뉴스레터 보기

A total of 370,000 of the project's native NXM tokens were drained from Hugh Karp's address to one owned by the attacker at 09:40 am UTC, according to data source etherscan.io. The transaction cost 0.00429472 ETH, or $2.49.

Hugh Karp's personal address transaction
Hugh Karp's personal address transaction

The attacker, also a Nexus Mutual member, completed KYC (know-your-customer) 11 days ago and switched to a new address on Dec. 3, before gaining remote access to Karp's computer and modified MetaMask wallet extension, according to the company's tweets. That tricked him into signing a different transaction that transferred funds from his hardware wallet to attacker's address.

Only Karp's address has been compromised and so far Nexus Mutual and its members have remained unaffected. "The mutual is not impacted; the pool of funds and all systems are safe," according to another tweet an hour ago.

Since news of the attack broke, the price of wrapped NXM tokens has declined by over 14% to 16.66 USDT (tether) on cryptocurrency exchange Huobi.

Some of the stolen funds have been transferred via decentralized exchange aggregator 1inch.exchange. "We welcome any assistance to stop the funds, which will likely move quickly," Nexus said.

Nexus Mutual is a community-owned insurance alternative, offering protection from various risks in the DeFi ecosystem. Only members can participate in the network, buy cover and hold NXM tokens.

More For You

Protocol Research: GoPlus Security

GP Basic Image

알아야 할 것:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.

More For You

Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research

(Unsplash)

K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.

알아야 할 것:

  • K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
  • The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
  • With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.