Curve LlamaLend Protocol Cover Now Available

Venus Protocol experienced its fifth security incident since 2021, resulting in $2.15M in bad debt on March 15th. **Key Details:** - The exploit used an attack vector that was identified in a 2023 audit but never addressed - Nexus Mutual does not list Venus Protocol for coverage, citing its five-year history of loss events - This follows a previous incident in October 2025 involving bad debt from oracle price reporting issues during market volatility The repeated security failures raise questions about protocol risk management and the importance of acting on audit findings. Users deployed in DeFi protocols should review their platform's security track record.

Nexus Mutual has published a new team interview featuring Hugh on their official blog. The interview provides insights into Hugh's role and perspective within the Nexus Mutual organization. **Key Details:** - Full interview accessible on the [Nexus Mutual Blog](https://nexusmutual.io/blog/nexus-mutual-team-talks-hugh) - Part of ongoing team spotlight series - Follows previous interviews with other team members including Ricky Tan (COO) This continues Nexus Mutual's transparency initiative, offering the community direct access to team members' thoughts and experiences.

After seven years protecting DeFi and paying out over **$18.5M in valid claims**, Nexus Mutual founder Hugh Karp explains why traditional insurance models fail in the age of AI agents. The core issue: legacy insurers weren't designed for autonomous on-chain activity. As AI agents evolve from surfacing insights to executing deposits, rebalances, and claims directly on-chain, they need infrastructure built for verifiable execution, private data, and seamless interoperability. Karp hints that Nexus Mutual's next chapter addresses this gap—potentially positioning the protocol as critical infrastructure for the emerging AI agent economy in DeFi. Read the [full interview](link) for details on what's coming next.

Nexus Mutual has released a preliminary incident report examining the Resolv Protocol security breach that occurred on Sunday. The report covers: - What happened during the incident - How the damage propagated through DeFi protocols - Which aspects are covered by Nexus Mutual protection The situation is still developing, and Nexus Mutual plans to update the report as more information becomes available. [Read the full incident report](https://nexusmutual.io/blog/resolv-protocol-incident-report-by-nexus-mutual)

Neptune Mutual's Head of Business Development met with Sam Kamani to discuss key insurance topics in the crypto space. **Key discussion points:** - DeFi coverage solutions - Crypto Kidnap & Ransom (K&R) insurance - Additional protection mechanisms for the industry The conversation explored how insurance alternatives are evolving to meet the unique risks facing crypto users and protocols. As DeFi continues to grow, specialized coverage options become increasingly relevant for participants in the ecosystem. This meeting reflects ongoing efforts to expand protection options beyond traditional insurance models in the digital asset space.