Following a claim received on the 24th October (Claim ID 74), we have the following update for our community.
02 Nov 2022, 12:59
Following a claim received on the 24th October (Claim ID 74), we have the following update for our community.
Claim Result: Rejected ❌
Claim Remarks from Advisory Board: There was no reported exploit on smart contracts of Beefy. The claimant didn't provide evidence to proof the loss. Hence, InsurAce team is unable to verify the loss.
The claim is deemed invalid and rejected following our claim assessment process (https://docs.insurace.io/landing-page/documentation/cover-products/smart-contract-vulnerability#b.-individual-claim-process)
Claim Details: