On Dec. 14, the Nexus Mutual founder was hacked for $eight million NXM tokens.
The KYC-documents, Reddit conversations, and IP monitoring unearthed just a few clues, however the attacker has been unaffected.
In the meantime, the hacker has laundered almost $3.2 million and now calls for one other $2.7 million for the remaining wNXM tokens.
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The Nexus Mutual hacker despatched a direct message to Hugh Karp’s Ethereum deal with this morning, demanding 4,500 ETH value ($2.7 million) in alternate for the remaining loot.
Nexus Mutual Hacker Unloads on DEXes
The value of Nexus Mutual’s NXM tokens has dropped 15% for the reason that hack. The perpetrator now intends to attend for worth restoration earlier than unloading the remainder.
Wrapped Nexus Mutual (wNXM) worth chart. Supply: CoinGecko
Whereas ready, the hacker has requested the Nexus Mutual founder, Hugh Karp, for a $1.7 settlement to return the remaining loot.
Instantly after the incident on Monday, the attacker transformed the KYC-ed NXM tokens to Wrapped NXM (wNXM) on Ethereum, utilizing decentralized exchanges 1inch and Matcha.
Later, the perpetrator laundered $2.7 million, changing wNXM to 137 renBTC saved in two addresses.
Throughout the 12-hour deadline, Hugh Karp positioned on the entity to both return the funds for a $300ok bounty or face authorized penalties.
The attacker has displayed a complete disregard for Karp’s threats.
Courageous or Silly?
As we speak, the assailant transformed one other $500,000 wNXM into Ethereum and has paused for worth restoration earlier than unloading extra. The attacker used Twister Money, a privateness instrument for masking Ethereum transactions, and 1inch alternate to transform wNXM to ETH.
The leftover wNXM tokens, value almost $4.5 million, are nonetheless on the hacker’s disposal.
The hacker is messaging Hugh instantly on-chain and asking 4.5k ETH in return of the remaining wNXM. That is ~$2.7M that Hugh must pay to rescue wNXM and a pleasant “token swap” from the vermin to exit this illiquid market into good money ETHhttps://t.co/dWOIAxWlyU https://t.co/o8Pmm3gwg2 pic.twitter.com/8PnteEYYzv
— Julien Bouteloup (@bneiluj) December 16, 2020
Up to now, the hacker’s KYC paperwork on Nexus Mutual have revealed a location in Singapore. The IP deal with, nonetheless, tracked a Japanese website.
Regardless of the sophistication in finishing up the assault, the attacker appears to have made just a few clumsy errors, making them susceptible to IP deal with monitoring. Nevertheless, additionally it is potential that the hacker is utilizing a VPN service to mislead investigators.
The audacity of the hacker doesn’t point out any concern of getting caught.
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