DeFi lending protocols have lost $7.7 billion to exploits over six years, based on DeFiLlama data. Less than 2% of DeFi total value locked is insured, according to Nexus Mutual’s founder. Private key compromises and multisig phishing now account for major shares of hacked value. DeFi users are still chasing yield while most of their capital remains exposed to hacks, phishing attacks, and private key failures. According to Nexus Mutual founder Hugh Karp, less than 2% of DeFi’s total value locked has insurance coverage, even as billions continue moving through lending markets, bridges, and staking protocols. The gap has become harder to ignore after years of major exploits. DeFiLlama data cited in the report shows uninsured lending protocols have lost $7.7 billion to attacks over six years, while April 2026 alone saw more than $600 million lost in security events… Read The Full Article DeFi Insurance Gap Leaves Billions Exposed as Hacks Keep Rising On Coin Edition .
