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ID:

nexus-mutual-425

Date:

Status:

Incident Count:

December 14, 2020

Verified

1

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

8,000,000

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Recovered:

-

Rewards:

Currency:

USD, NXM

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Ethereum

Individual

Insurance

Front-end Vulnerabilities

Extended Method:

Front end manipulation, modify wallet plugin

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Days in Operation:

0

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DeFi insurance agreement Nexus Mutual stated on Twitter that the personal address of its founder Hugh Karp was attacked by a platform user, stolen 370,000 NXM and lost more than 8 million US USD. The official said that this is a targeted attack, only the official name, Karp used a hardware wallet, the attacker obtained remote access to his computer, and modified the wallet plug-in MetaMask, deceived him to sign the 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.

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