To the attacker. Very nice trick, definitely next level stuff.
You'll have trouble cashing out that much NXM.
If you return the NXM in full, we will drop all investigations and I will grant you a $300k bounty.
Hugh Karp š¢
3,701 posts
Hugh Karp š¢
@HughKarp
- Aave fine. Maker/Sky fine. Curve fine. Liquity fine. Morpho fine. Compound fine. : All blue chip Defi is fine, and so far I haven't heard of anything else breaking. Nice work all. šŖ
- How many of you hold crypto and believe harsh regulatory action will actively harm you rather than protect you as an individual investor?
- Gut feeling: Overcollateralised lending + tokenising everything > undercollateralised lending + reinventing credit scoring
- For those wondering what I will do from here. @NexusMutual might just be some DeFi project to most of you, but it's my baby, and it's not fully grown yet. Making my ideas a reality is what really drives me. Also, I still have a material amount of NXM left.
- You all know ETH may not be deflationary after EIP-1559, right?
- Today in a VC meeting: VC: You guys are building a proper business, that's great but it means it won't 100x in a short period. So you're not really what we're after. Me: *shocked, unable to think of witty comeback* Um, ok.
- If Credit Suisse was a DeFi bank we wouldn't wonder if they had enough money, we'd just know.
- Insurer: why did you base Nexus' capital pool in ETH? Me: most liabilities are in ETH so it makes sense. Me (secretly): if we collect a pool of ETH we'll be reinsuring you one day. On track so far.
- I realise everyone wants to know exactly what happened, and specifically could it happen to you? In short, yes it can. We will share full details (when we can) so the wider community can build robust solutions together. Thanks to everyone for the thoughts and supportā¤ļø
- Attacker. The mempool is a dark forest, but the IPs on the internet are quite transparent. I'm still happy to honour the bounty if you return the funds (less the bounty) within the next 12 hours. No questions asked.
- šExciting step in our mission to cover all risks in cryptoš @NexusMutual now covers centralised exchanges. @binance @coinbase @Gemini @krakenfx Safety nets for DeFi access points š
- Explaining DeFi to Fintech bros Me: You know how peer-to-peer doesn't really scale? Them: Yeah Me: Well replace one side with a pool that auto matches everyone. Peer to pool. And then supercharge it by giving away ownership to early users. Them: š¤Æ
- Nearly 4 years ago in the Nexus Mutual whitepaper we wrote about investing the capital pool into ETH PoS. Today we got there š¢ššWe've invested some of the Capital Pool in @LidoFinance stETH š Insurance revenues: 1ā£Cover purchases ā 2ā£Investing assets ā š³ļø our members voted āļø our engineers built šø our pool was invested š our members still own the pool
