December 14, 2020 Nexus Mutual CEO targeted in $8M attack

Hugh Karp, founder and CEO of blockchain insurance provider Nexus Mutual, was targeted this week in an attack that drained over $8M worth of NXM tokens from his MetaMask wallet. The attacker is also a Nexus Mutual member and, after completing KYC measures eleven days ago, remotely accessed Karp’s computer in order to reroute transactions to the attacker’s address.