lazarusholic

2021-07-26, Merklescience
https://blog.merklescience.com/hacktrack/hack-track-nexus-mutual-founders-wallet
#NexusMutual

Hack Track: Nexus Mutual Founder’s Wallet
Merkle Science
Speedread
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Hugh Karp, the founder of DeFi insurance protocol Nexus Mutual, experienced an attack at 9:40 am (GMT) on December 14 that resulted in a loss of more than $8 million.
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The hacker took control of Hugh Karp’s personal ETH wallet through a proxy transaction and managed to transfer 370,000 NXM tokens to its personal address.
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The hacker then converted the stolen 370,000 NXM tokens to WNXM tokens and sent all the WNXM tokens to another address.
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Multiple smart contract transactions were carried out to convert WNXM tokens to WETH and TetherUSD tokens.
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The hacker then swapped a portion of the WNXM tokens to approximately 137 renBTC and in-turn converted the renBTC to BTC.
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The BTC was then directly distributed among 5 different bitcoin addresses.
Who was hacked?
Hugh Karp, the founder of DeFi insurance protocol Nexus Mutual, experienced an attack at 9:40 am (GMT) on December 14 that resulted in a …

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