Nexus Mutual responds to Arcadia Finance exploit, reinforcing commitment to onchain protection

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Reinsurance News - Aug 06, 2025

Nexus Mutual, a decentralised risk protection platform that provides crypto-native cover, responded swiftly following a smart contract exploit on Arcadia Finance that occurred on July 15, which led to losses of approximately $3.6 million. The exploit allowed an attacker to directly withdraw funds fr...

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