- On Dec. 14, the Nexus Mutual founder was hacked for $8 million NXM tokens.
- The KYC-documents, Reddit conversations, and IP tracking unearthed a few clues, but the attacker has been unaffected.
- Meanwhile, the hacker has laundered nearly $3.2 million and now demands another $2.7 million for the remaining wNXM tokens.
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The Nexus Mutual hacker sent a direct message to Hugh Karp’s Ethereum address this morning, demanding 4,500 ETH worth ($2.7 million) in exchange for the remaining loot.
Nexus Mutual Hacker Unloads on DEXes
The price of Nexus Mutual’s NXM tokens has dropped 15% since the hack. The perpetrator now intends to wait for price recovery before unloading the rest.
While waiting, the hacker has asked the Nexus Mutual founder, Hugh Karp, for a $1.7 settlement to return the remaining loot.
Later, the perpetrator laundered $2.7 million, converting wNXM to 137 renBTC stored in two addresses.
During the 12-hour deadline, Hugh Karp placed on the entity to either return the funds for a $300k bounty or face legal consequences.
The attacker has displayed a total disregard for Karp’s threats.
Brave or Stupid?
Today, the assailant converted another $500,000 wNXM into Ethereum and has paused for price recovery before unloading more. The attacker used Tornado Cash, a privacy tool for masking Ethereum transactions, and 1inch exchange to convert wNXM to ETH.
The leftover wNXM tokens, worth nearly $4.5 million, are still at the hacker’s disposal.