Articles written by InsurAce - Benzinga

InsurAce & LI.FI Unveil Bridge Cover, The Ultimate Safety Net For Cross-Chain DeFi Transactions

Say goodbye to the fear of cross-chain exploits with this trailblazing insurance solution designed for DeFi enthusiasts!

InsurAce Pays Out $40,000 to FTX Collapse Victims

February 26th, 2023 - The collapse of FTX cryptocurrency exchange left many users stranded and unable to access their funds. DeFi Insurance protocol InsurAce has stepped in to help victims, paying out over $40,000 to policy holders who purchased Custodian Risk Cover for FTX.

CDIS - The Future of Centralized Cryptocurrency Custodianship, a Way Forward Following the Collapse of FTX

The Web3 industry has just witnessed the worst event in its decade-long history – the FTX collapse, devastating the confidence of our industry in and out. This is not the first time something like this has happened, the previous LUNA and 3AC series of debacles were simply the starts of these catastrophes, and it is reminiscent of the Mt Gox collapse.

InsurAce Protocol Updates Cover Wordings

September 16th, 2022 — Shortly after updating its RoadMap, leading DeFi risk protection protocol, InsurAce has announced the official release of new versions of its cover wordings for all existing cover products. Existing covers will remain valid.  

InsurAce Announces $12 Million Insurance Payouts To 155 Victims Of Terra $UST Crash

When the Terra $UST algorithmic stablecoin de-pegged in May 2022, many feared that the crash would lead to a systemic crash of the entire cryptocurrency industry.