Claim Records

Post-mortem of claims.

Group Claim

⭐️ FTX Withdrawal Halt (2022-11-11)

Cover Product: Custodian Risk Cover - FTX

Result: Accepted

Remarks: Total payout amount of $16,839.14 to 2 cover holders.

Details: https://app.insurace.io/group-claim?proposalChainId=56&proposalId=5

⭐️ UST De-Peg (2022-05-11)

Cover Product: UST De-Peg Cover

Result: Accepted

Remarks: Total payout amount of $11.7 million to 155 cover holders.

Details: https://app.insurace.io/group-claim?proposalChainId=56&proposalId=2

⭐️ Elephant Money (2022-04-12)

Cover Product: Smart Contract Vulnerability Cover - Elephant Money

Result: Accepted

Remarks: This is a NON-CLAIMABLE event as all affected cover holders only suffered a loss due to the devaluation of ELEPHANT and TRUNK tokens which does not fall under the coverage provided by the smart contract vulnerability cover. However, InsurAce team proposed a one-time special compensation plan with $98,000 BUSD paid to 9 cover holders.

Details: https://app.insurace.io/group-claim?proposalChainId=56&proposalId=1

Individual Claim

⭐️ Claim #17

Cover Product: Smart Contract Vulnerability Cover - Uniswap V2

Result: Rejected

Remarks: No reported exploit on smart contracts of Uniswap V2. No providing of evidence to prove the loss. Hence, InsurAce team is unable to verify the loss.

Details: https://app.insurace.io/claim?claimChainId=1&claimId=40

⭐️ Claim #16

Cover Product: Smart Contract Vulnerability Cover - Instadapp

Result: Rejected

Remarks: Cover owner submitted claim on 2023/04/12 to claimed for his loss suffered on 2023/04/10 based on his claim description.

The cover period for this cover is from 2023/02/27 to 2023/03/14. Based on the claim process stated in the cover wording, the claim must be submitted in respect of a Claimable Risk Event that occurred within the Cover Period before the expiration of 15 days after the Cover Period has expired, failing which there shall be no Claim under the Cover.

Details: https://app.insurace.io/claim?claimChainId=137&claimId=82

⭐️ Claim #15

Cover Product: Smart Contract Vulnerability Cover - Stader

Result: Rejected

Remarks: No reported exploit on smart contracts of Stader. No providing of evidence to prove the loss. Hence, InsurAce team is unable to verify the loss.

Details: https://app.insurace.io/claim?claimChainId=137&claimId=78

⭐️ Claim #14

Cover Product: Smart Contract Vulnerability Cover - Uniswap V3

Result: Rejected

Remarks: There was no malfunction of the Uniswap V3 contracts. Cover owner’s loss was mainly due to he mistakenly set the wrong price of VAI (10 times the market price) and the price range for his liquidity position when creating the new liquidity pool. This enabled another person to swap VAI to ETH at an extremely high price which then resulted in him receiving far less VAI tokens.

Details: https://app.insurace.io/claim?claimChainId=137&claimId=76

⭐️ Claim #13

Cover Product: Smart Contract Vulnerability Cover - Francium

Result: Rejected

Remarks: No reported exploit on smart contracts of Francium. No providing of evidence to prove the loss was due to malfunction of smart contracts of Francium . Hence, InsurAce team is unable to verify the loss.

Details: https://app.insurace.io/claim?claimChainId=56&claimId=66

⭐️ Claim #12

Cover Product: Smart Contract Vulnerability Cover - Beefy

Result: Rejected

Remarks: No reported exploit on smart contracts of Beefy. No providing of evidence to prove the loss. Hence, InsurAce team is unable to verify the loss.

Details: https://app.insurace.io/claim?claimChainId=137&claimId=74

⭐️ Claim #11

Cover Product: Smart Contract Vulnerability Cover - Planet Finance

Result: Rejected

Remarks: No reported exploit on smart contracts of Planet Finance.

Details: https://app.insurace.io/claim?claimChainId=1&claimId=38

⭐️ Claim #10

Cover Product: Smart Contract Vulnerability Cover - Single Finance

Result: Rejected

Remarks: Claim cancelled upon user confirmation.

Details: https://app.insurace.io/claim?claimChainId=1&claimId=35

⭐️ Claim #09

Cover Product: Smart Contract Vulnerability Cover - Ten Finance

Result: Rejected

Remarks: No reported exploit on smart contracts of Ten Finance. No providing of evidence to prove the loss. Hence, InsurAce team is unable to verify the loss.

Details: https://app.insurace.io/claim?claimChainId=43114&claimId=34

⭐️ Claim #08

Cover Product: Smart Contract Vulnerability Cover - Mirror Finance

Result: Rejected

Remarks: Claim cancelled upon user confirmation.

Details: https://app.insurace.io/claim?claimChainId=56&claimId=54

⭐️ Claim #07

Cover Product: Smart Contract Vulnerability Cover - Orion Money

Result: Rejected

Remarks: No reported exploit on smart contracts of Orion Money. User claimed for the loss of value of his investment funds due to UST de-peg. This does not fall under the coverage provided by the smart contract vulnerability cover.

Details: https://app.insurace.io/claim?claimChainId=137&claimId=16

⭐️ Claim #06

Cover Product: Smart Contract Vulnerability Cover - Autofarm

Result: Rejected

Remarks: No reported exploit on smart contracts of Autofarm. No providing of evidence to prove the loss. Hence, InsurAce team is unable to verify the loss.

Details: https://app.insurace.io/claim?claimChainId=56&claimId=26

⭐️ Claim #05

Cover Product: Custodian Risk Cover - Coinbase

Result: Rejected

Remarks: User claimed to suffer a loss on the Coinbase Wallet which is a non-custodian wallet. This does not fall under the coverage provided by the custodian risk cover on Coinbase Exchange.

Details: https://app.insurace.io/claim?claimChainId=1&claimId=2

⭐️ Claim #04

Cover Product: Smart Contract Vulnerability Cover - Beefy

Result: Rejected

Remarks: No reported exploit on smart contracts of Beefy. No providing of evidence to prove the loss. Hence, InsurAce team is unable to verify the loss.

Details: https://app.insurace.io/claim?claimChainId=56&claimId=3

⭐️ Claim #03

Cover Product: Smart Contract Vulnerability Cover - Platypus Finance

Result: Rejected

Remarks: No reported exploit on smart contracts of Platypus Finance. No providing of evidence to prove the loss. Hence, InsurAce team is unable to verify the loss.

Details: https://app.insurace.io/claim?claimChainId=56&claimId=2

⭐️ Claim #02

Cover Product: Smart Contract Vulnerability Cover - Tulip Protocol

Result: Rejected

Remarks: No reported exploit on smart contracts of Tulip Protocol. No providing of evidence to prove the loss. Hence, InsurAce team is unable to verify the loss.

Details: https://app.insurace.io/claim?claimChainId=56&claimId=1

⭐️ Claim #01

Cover Product: Smart Contract Vulnerability Cover - Autofarm

Result: Rejected

Remarks: No reported exploit on smart contracts of Autofarm. User claimed for a loss from the IRON-USDC SLP he staked on Autofarm due to an attack on Titan.

Details: https://app.insurace.io/claim?claimChainId=1&claimId=1