Nexus Mutual Founder Loses $8 Million in MetaMask Attack
analysis

Nexus Mutual Founder Loses $8 Million in MetaMask Attack

THELOGICALINDIAN - The architect of Nexus Mutual has been afraid for 8 actor in a targeted claimed attack

Hackers accept drained $8 actor in NXM tokens from Nexus Mutual architect Hugh Karp. While Karp is assured of communicable the culprits, hackers are already converting the baseborn funds on a decentralized exchange.

Nexus Mutual Identifies Two Leads

At 9: 45 am UTC, a accepted Ethereum acute arrangement transaction transferred 370,000 NXM to addition KYC-ed wallet NXM wallet. 

Nexus Mutual instantly flagged the transaction, claiming it to be a alien admission advance on Hugh Karp’s claimed computer. Reportedly, the attackers afflicted a Metamask addendum and tricked Karp into acknowledging the transfer. 

Both Nexus Mutual and MetaMask are secure; alone Karp has been affected. 

Thanks to the KYC acquiescence bare to accompany the protocol, the Nexus Mutual aggregation is assured that they will analyze the attacker.

Indeed, their analysis has already appear the KYC capacity of the accepting abode 11 canicule ago. Later, the registered affiliate afflicted the associated Ethereum abode to a new one. They accept additionally offered the antagonist a $300,000 adjustment if they acknowledgment the funds.

The aggregation has two leads as to the attacker’s character already.

The funds are currently actuality exchanged via 1inch Exchange and are trackable on Ethereum. If the hacker attempts to abjure authorization from a centralized barter like Binance or Coinbase, they will acceptable be identified.