Sturdy Finance Claim Notice:. Security Exploit:. Sturdy Finance suffered a 504ETH loss due to a security exploit on June 12.
03 Jul 2023, 12:21
📢 Sturdy Finance Claim Notice:
1. Security Exploit:
Sturdy Finance suffered a 504ETH loss due to a security exploit on June 12.
2. Investigation Outcome:
Post investigation, InsurAce’s Advisory Board has concluded that the incident IS NOT a Claimable Risk Event as per our Smart Contract Vulnerability Cover T&C
3. Root Cause:
Third-party vulnerability; loss is indirect due to Oracle failure.
4. Claims Submission:
Users with valid proof of loss can submit claims for community voting.
5. Reports:
Detailed investigation reports will be made available before voting.
6. Claim Deadline:
Claims must be submitted by July 24, 2023, 23:59:59 GMT+8 or 15 days after Cover Period ends.
7. Guides:
Refer to our blog post for more useful docs:
🚩 Existing Claim: One claim received to date is lacking adequate evidence. The claimant is requested to resubmit with proper proof or contact our team.