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DeFi Insurer Nexus Mutual Requests $153K for 6-Month Budget
29.1.2024
The crypto insurance protocol is anticipating growth stemming from a recent partnership
Coinbase-Backed Insurance Alternative OpenCover Debuts on Layer 2 Blockchain Base
7.9.2023
OpenCover, which raised $4 million in a seed round led by the likes of NFX and Jump Crypto, received a $200,000 funding bump from Coinbase to bolster its debut on Base
Decentralized Insurance Alternative Nexus Mutual Provides Cover to UK Shopkeepers
8.8.2023
A partnership with InShare sees Nexus adding some of its $274 million on-chain capacity to the retail mutual insurer comprising over 5,000 shopkeepers and small retail businesses
Top DeFi Insurer Paid Millions to Euler Hack Victims. Now, Nexus Mutual Wants Its Money Back
12.4.2023
Nexus Mutual is one of the biggest insurance platforms for DeFi deposits. Some crypto holders who lost money to Euler filed claims, only to get their money back. Now, Nexus wants its share back, too
Crypto insurance a ‘sleeping giant’ with only 1% of investments covered
12.9.2022
With over $2 billion lost in decentralized finance this year, there exists a huge market opportunity for crypto insurance providers, according to an executive
DeFi Insurer Nexus Mutual Raises $2.7M in NXM Token Sale
16.2.2021
The firm aims to sell over $1 billion worth of cover in 2021 spread across at least 30 protocols
DeFi coverage protocol expands protection against centralized exchange hacks
12.1.2021
Nexus Mutual is now allowing users to cover their centralized exchange accounts
Ethereum-Based Nexus Mutual Expands Its Decentralized ‘Insurance’ to Centralized Exchanges
12.1.2021
A way to be covered in the event of an exchange hack
The Nexus Mutual hacker is now asking for a $2.6M ransom
16.12.2020
Attacker demands ten times the $300,000 bounty offered after apparently laundering a third of the stolen loot
Defi Protocol Founder Tricked, Hacked for $8 Million in Personal Funds
16.12.2020
Nexus Mutual founder and chief executive officer Hugh Karp’s personal wallet address has been hacked for more than $8 million. The attacker, a member of the Nexus defi protocol, tricked Karp into signing a transaction that transferred funds to the hacker’s own address. The attacker...
CEO of DeFi Insurer Nexus Mutual Hacked for $8M in NXM Tokens
14.12.2020
Nexus Mutual's CEO, Hugh Karp, lost the tokens after an attacker gained remote access to his computer
Founder of DeFi protocol Nexus Mutual gets hacked for $8M
14.12.2020
The protocol is safe, but its founder lost his stash of 6% of all tokens
DeFi Insurer Nexus Mutual Maxed Out by Yield-Farming Boom
2.7.2020
Nexus Mutual is seeing a surge in demand. "Our product has honestly seen massive interest since yield farming kicked off," said founder Hugh Karp
Business Is Booming for DeFi Insurer Nexus Mutual Ahead of Ethereum 2.0
15.6.2020
Nexus Mutual, an alternative insurance provider for a variety of Ethereum-based DeFi protocols, has seen its risk pool double over the past 90 days to more than $4 million
DeFi Insurance Firm Nexus Mutual Makes Its First Payout Following bZx Attacks
20.2.2020
Nexus Mutual members voted to pay out two claims following the bZx flash loan attacks – a first for the DeFi insurance pioneer
Ethereum Startups Team to Offer ‘Banking-Grade’ Wallet Security
6.6.2019
Insurtech startup Nexus Mutual and wallet provider Argent have teamed up to bring bank account-like protection to ethereum