July 17, 2026 – London, United Kingdom
ether.fi, the leading onchain neobank in digital asset management, has decided Nexus Mutual to provide the largest ETH Crypto Cover.
The cover protects ether.fiapproved against expensive penalties of 15,000 ETH.
As ether.fi continues to see rapid adoption from retail and institutional vendors, securing industry-leading protection against costly risk for ether.fi users is critical. In the last year, ether.fi has been systematically strengthening its assets in all aspects, risk management, security of operations and real security systems.
Since ether.fi operates one of the largest blockchains on Ethereum, hacking is a real tail risk for them. By working with Nexus Mutual, ether.fi has mitigated this with a security system that starts to protect against legitimate losses. This cover was calculated to protect ether.fi even in the worst case scenario and represents more than all the historical losses from ETH slashing combined.
“We have always believed that secure policies will win. That is why we have invested heavily in research, operational security, staking infrastructure, and now the largest insurance program in the industry. We are happy to partner with Nexus Mutual to make this possible,” said Mike Silagadze, Founder & CEO of ether.fi.“We’ve known the ether.fi team since it was ether.fi, and they’ve been focused on risk since day one. Covering their users up to 15,000 ETH in damage penalties is a historic step, and we’re proud that they chose Nexus Mutual to join them,” said Hugh Karp, Founder of Nexus Mutual.
About ether.fi
ether.fi is the leader of onchain neobank in managing digital wealth. With $6B+ in AUM across Cash (cryptocard), Stake (restaking), and Liquid (from liquid restaking), ether.fi has established a dominant force in crypto neobanking. It is a rare commodity in schools that are designed to attract consumers.
About Nexus Mutual
Nexus Mutual is the first form of crypto insurance. Since 2019, they have paid more than $7 billion against smart hacks, breaches, and other digital threats. As an industry leader, they have become a trusted partner for everyone from individuals to organizations to help address onchain risk.
Contact
Director of Marketing
Phil Johnston
Nexus Mutual
(email protected)
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