The First Crypto Insurance Alternative: Covering Crypto since 2019
Review that your incident is covered by the cover product wording and submit your claim.
Provide details of the incident.
Submit proof of loss, which is specific to each cover product.
Assessors review a claim’s validity and vote on the outcome. Decisions are made within 3 to 6 days.
Every member has the right to vote on claims. Cover wording documents detail the guidance for paying claims but members have the final say and are rewarded for voting honestly. That's why we've already paid out over $18M+ claims.
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Total lost in hack
Total claims paid
Average payout time
30 April 2022
A flaw in the Rari Capital code led to an $80m loss. People who protected their crypto with Protocol Cover received payouts just days after filing.
Total lost in failure
Total claims paid
May 2022
Extreme volatility caused major price deviations in Perpetual Protocol v1 markets and liquidation mechanisms failed, which created losses exceeding $5.7m due to economic design failure. Claims Assessors reviewed, approved, and paid all claims within days.
Total lost in exploit
Total claims paid
27 October 2021
After CREAM Finance, a DeFi lending protocol, was hacked for $130m, Nexus Mutual members voted to approve and pay claims. Members who purchased CREAM Protocol Cover were made whole in a matter of days.
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