An unidentified hacker hacked the personal address of the CEO of Nexus Mutual, Hugh Karp. As a result, the CEO lost all his NXM tokens, worth $8 million. Cointelegraph noted that the stolen assets is 370,000 NXM, equivalent to about 6% of all tokens in circulation. Also, the hacker has started converting the stolen NXM to ETH. The Cointelegraph report stated that the converted Ether is 354 ETH, worth over $200,000.
A tweet by Nexus Mutual revealed that the hack occurred on the 14th of December by a member of the Nexus Mutual community.
Nexus Mutual further noted that only the CEO’s wallet was affected by the attack and assured its members of no future risks on their account.
The tweet explained details on the hack:
“The attacker gained remote access to his computer & modified the metamask extension tricking him into signing a different transaction which transferred funds to the attacker’s own address.
Despite Nexus Mutual’s insistence that the hack is not a threat to the protocol, NXM has lost 17% since the attack. In the tweet, Nexus Mutual assured that investigation on the hack is still ongoing.
In another tweet, the CEO urged the attacker to return the stolen NXM in full as there would be difficulty liquidating the tokens. He further promised $300,000 and a dismissal on all charges in exchange for the stolen tokens.
Image Credits: Pixabay
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