And for those attending the conference interested in networking opportunities and conversations about innovations in the industry, BHG will host the official day-one wrap party at the impressive Intrepid Museum Flight Deck.īHG Financial is transforming the financial industry, leveraging the power of data, analytics, and cutting-edge technology to become one of the best sources for high-performing loans, and the creator of one of the largest community bank loan and product networks in the country. Attendees can stay up-to-date and connected, compliments of BHG-sponsored Wi-Fi. BHG Financial executives and representatives will be available to meet with attendees at booth #329 or in their private meeting room: MR9. "We've used our 22 years of knowledge to keep building on our core competencies and enhancing our innovations I can't wait to show how BHG continues pushing boundaries."įintech Nexus USA 2023 will take place in New York City from May 10 to 11. "We are excited to be attending this leading fintech event, where we can network, learn, and display our offerings," says Al Crawford, Co-founder, and CEO. Meghan Crawford-Hamlin will speak in the "Community Banks & Credit Unions" session, covering fintech bank partnerships and how the relationship affects the two.ĭan McSherry's track, "Fintech Investing Set to Rebound," will cover why diverse funding sources are key for lending businesses today. In his talk, "Double Down on what you know," Tyler will speak about the company's 22 years of lending expertise, the current state of the lending industry, and how to reinforce consistency during turbulent times to find growth and stability.īHG Co-founder & CEO Al Crawford will take the stage to explore "Credit & Underwriting Best Practices for Uncertain Times," as well as lessons learned during difficult times. Al Crawford, Co-Founder & CEO Tyler Crawford, COO Dan McSherry, CFO and Meghan Crawford-Hamlin, President of Institutional Relationships.ĬOO, Tyler Crawford, will join some of the top names in fintech as a speaker on the Fintech Nexus keynote stage. This year, BHG's theme is "Strength and Stability through Experience and Innovation." As a leader in the fintech industry, BHG has continued to develop and grow from day one, exhibiting resilience through decades of business cycles.Įxperience the full interactive Multichannel News Release here: Īt the conference, you can expect to hear from leaders in the fintech industry, including four of BHG's key executives. “This is the first claim event where an exploited protocol was able to recover the lost funds from the attacker,” said BraveNewDefi.DAVIE, Fla., Ap/PRNewswire/ - BHG Financial (BHG) will attend the largest conference in the fintech industry, Fintech Nexus USA 2023. That situation has come to pass: Euler’s hacker returned the funds and so Euler on Wednesday began processing redemptions, including to those already paid by Nexus Mutual. According to Nexus Mutual’s pseudonymous head of communications, BraveNewDeFi, those holders agreed to return the value of their claims to Nexus Mutual if they got their money back from Euler. Problem is, it’s not their money to spend. Their share of the pot amounts to nearly $400,000. The two that haven’t can be seen on chain swapping their redeemed cash for other cryptos, sending them to other addresses, and just generally being a degen. Of those six, four have returned some $380,000 in various cryptocurrencies to the group. The situation underscores how parts of DeFi still rely on trust despite crypto proponents’ insistence that crafty code could supplant that most fundamental aspect of traditional financial systems.Īt press time Euler’s redemptions portal had returned $133 million in value to 457 users, six of whom were also Nexus Mutual policyholders. Together, those clients represent about $2 million in crypto of the nearly $2.4 million in total claims Nexus Mutual paid. Nexus Mutual, one of the largest insurance platforms covering high-risk decentralized finance (DeFi) deposits, is waiting to get paid back by five clients who filed claims after the March incident, according to on-chain data. So, Nexus Mutual covered losses for people who ended up not actually having losses. Leaders of the crypto insurer Nexus Mutual told CoinDesk its governing body may lawyer up if policyholders who lost money in the recent Euler Finance hack and filed claims for their losses don’t pay back the insurance project.Įuler suffered a $200 million hack last month, but the culprit returned nearly all the money. Join the most important conversation in crypto and web3! Secure your seat today
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