Proof of Loss & Ownership

Smart Contract Vulnerability Cover

Proof of Loss and Ownership for Smart Contract Vulnerability Cover shall include, but is not limited to:

  • Coverage is provided only for the loss of assets in the wallet that purchases the cover on our platform. If you are using multiple wallet addresses, please ensure you buy cover packages for each one accordingly;

  • a snapshot of the impacted Covered Address’ balances at block times directly before, during, and after any losses have been applied;

  • a report from a Professional Security Firm describing the Claimable Risk Event;

  • references to any relevant on-chain transactions; and/or

  • any other evidence as deemed necessary by the Protocol.

Stablecoin De-Peg Risk Cover

Proof of Loss and Ownership for Stablecoin De-Peg Risk Cover shall include, but is not limited to:

  • Coverage is provided only for the loss of assets in the wallet that purchases the cover on our platform. If you are using multiple wallet addresses, please ensure you buy cover packages for each one accordingly;

  • a snapshot of the impacted Covered Address’ Stablecoin Balance at block times directly before, during, and after any losses have been applied;

  • a snapshot of the impacted Covered Address’ Stablecoin Balance 10 days before the Claimable Risk Event is triggered;

  • a report from a Professional Security Firm or the Stablecoin issuer(s) describing the Claimable Risk Event;

  • references to any relevant on-chain transactions; and/or

  • any other evidence as deemed necessary by the Protocol.

Custodian Risk Cover

Proof of Loss and Ownership for Custodian Risk Cover shall include, but is not limited to:

  • screenshots and a single video recording of withdrawal suspension notices / losses recorded on account statements under the Covered Account as identified by the Covered User ID;

  • official social media statements and emails from the Designated Custodian with regards to the Claimable Risk Event;

  • an official report or description of the Claimable Risk Event from a Professional Security Firm or the Designated Custodian;

  • any supporting materials to determine the value of the Cover Purchaser’s lost assets;

  • references to any relevant on-chain transactions; and

  • any other evidence as deemed necessary by the Protocol.

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