Crypto insurance a ‘sleeping giant’ with only 1% of investments covered
With over $2 billion lost in decentralized finance this year, there exists a huge market opportunity for crypto insurance providers, according to an executive.
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InsurAce says it will pay millions to claimants after Terra’s collapse
DeFi insurance protocol InsurAce took heat from the community for suddenly shortening its claims period for Terra-related insurance claims, but is already set to pay out $11 million to claimants.