DeFi Insurer Nexus Mutual Balks at Paying Out on BadgerDAO Hack

The Defiant

In the aftermath of the $120M hack of BadgerDAO on Dec. 1, Nexus Mutual, the insurance protocol, will not pay out to people who bought coverage if it was a frontend attack, according to the project’s Twitter

“We’re waiting for full details from the BadgerDAO team, but this appears to be a frontend attack,” Nexus Mutual said. “If this is confirmed as a frontend attack, BadgerDAO’s smart contracts were not impacted & this would not be a covered event.”

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