Claim Records
Post-mortem of claims.
Cover Product: UST De-Peg Cover
Result: Accepted
Remarks: Total payout amount of $11.7 million to 155 cover holders.
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.
Cover Product: Smart Contract Vulnerability Cover - Beefy
Result: Rejected
Remarks: No reported exploit on smart contracts of Beefy. No providing of evidence to proof the loss. Hence, InsurAce team is unable to verify the loss.
Cover Product: Smart Contract Vulnerability Cover - Planet Finance
Result: Rejected
Remarks: No reported exploit on smart contracts of Planet Finance.
Cover Product: Smart Contract Vulnerability Cover - Single Finance
Result: Rejected
Remarks: Claim cancelled upon user confirmation.
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 proof the loss. Hence, InsurAce team is unable to verify the loss.
Cover Product: Smart Contract Vulnerability Cover - Mirror Finance
Result: Rejected
Remarks: Claim cancelled upon user confirmation.
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.
Cover Product: Smart Contract Vulnerability Cover - Autofarm
Result: Rejected
Remarks: No reported exploit on smart contracts of Autofarm. No providing of evidence to proof the loss. Hence, InsurAce team is unable to verify the loss.
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.
Cover Product: Smart Contract Vulnerability Cover - Beefy
Result: Rejected
Remarks: No reported exploit on smart contracts of Beefy. No providing of evidence to proof the loss. Hence, InsurAce team is unable to verify the loss.
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 proof the loss. Hence, InsurAce team is unable to verify the loss.
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 proof the loss. Hence, InsurAce team is unable to verify the loss.
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.
Last modified 29d ago