cost-effective coverage
-
Nexus Mutual has paid US $5 million due to the bankruptcy of FTX and BlockFi
It is reported that DeFi insurance provider Nexus Mutual has paid about US $5 million in claims due to the bankruptcy of FTX and BlockFi, and is expected to pay another US $2 million. Nexus Mutual is a member-based service, accounting for about 70% of the locked funds of the encryption native insurance agreement. Interpretation of this information: The recent news of Nexus Mutual, an insurance provider for DeFi, paying out claims worth US $5 million due to the bankruptcy of FTX and BlockFi has caught the attention of many…
