DeFi Insurance Protocol Pays First Restaking Slash Claim in Under Nine Minutes
A small AVS misconfiguration led to a $1.4M slash across 62 restakers. Nexus Mutual's v4 policy paid out before most of the affected addresses noticed.

A small Actively Validated Service running on EigenLayer misconfigured its slashing condition on Tuesday evening, triggering a $1.4 million slash across 62 restakers. It should have been a headline. It was a footnote — because Nexus Mutual's v4 parametric restaking policy paid out the covered portion in 8 minutes and 41 seconds.
The payout marks the first live claim under Nexus's restaking-slash product, which launched in January as a direct response to the systemic concerns flagged by the Ethereum Foundation's stress analysis of the EigenLayer stack.
Related stories

UK Sanctions List Keeps HTX In Compliance Spotlight After OFSI Designation
HTX's operating entity, Huobi Global S.A., has been designated under UK Russia sanctions, raising significant compliance questions for crypto firms. This highlights the growing regulatory scrutiny on digital asset platforms.

UK House Of Lords Urges BoE To Ease Stablecoin Rules Over Competitiveness Concerns
The UK House of Lords has urged the Bank of England to reconsider aspects of its stablecoin proposals, warning that current plans could hinder innovation and competitiveness.

SEC’s 2026–2030 Plan Puts Crypto At The Center Of Its Regulatory Agenda
The SEC's draft 2026-2030 strategic plan places digital asset regulation at its core, aiming to modernize oversight to balance innovation with investor protection and provide clarity for the evolving crypto industry.