Nexus Mutual Introduces Custody Coverage Crypto Insurance – BeInCrypto

Nexus Mutual has launched the Custody Cover program for hack victims, one of many such solutions to launch in the DeFi industry recently.
On Dec. 2, decentralized insurance platform, Nexus Mutual, announced the launch of Custody Cover, a coverage solution for hack victims.

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Security Incidents Cost Cryptocurrency Investors $7.6 Billion Since 2011: Crystal Report – BeInCrypto

Cryptocurrency analytics firm Crystal has published a report detailing all of the major security breaches, fraudulent activity, cyber-terrorism, and scams in the crypto space since 2011.

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DeFi Industry Shows Cracks Following Recent Ethereum Network Debacle – BeInCrypto

A major Ethereum node provider suffered temporary outages on Nov 11, showing that its over-reliance on a single provider is detrimental to the ecosystem. The situation also demonstrated that the potential fallout for decentralized finance systems could have been even greater.

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Harvest Finance Releases Attack Postmortem After Losing $24 Million – BeInCrypto

The latest Harvest Finance DeFi incursion has generated overwhelming denigration from crypto pundits on social media. However, it would be more constructive to break the situation down to find out exactly what happened in order to mitigate future attacks.

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Harvest Finance DeFi Team Admits They Made an Engineering Error – Ethereum World News

Quick take:

An experienced ‘defi farmer’ used flash loans to drain Harvest Finance of $24 Million in just 7 minutes
The team behind Harvest Finance have admitted they made an engineering error when designing the protocol
They’ve issued a $100k bounty to any person or team that helps in returning th

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Harvest Finance Hacked for $24 Million, Puts Bounty on Alleged Attacker – BeInCrypto

According to reports on Oct 26. 2020, nearly $24 million in value has been siphoned from the liquidity pools of Harvest Finance, a major decentralized finance (DeFi) protocol.

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