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Learning & News => News related to Crypto => Topic started by: newshunter on November 24, 2020, 07:00:55 AM

Title: Decentralized insurance protocol Cover holds vote to cover Pickle hack
Post by: newshunter on November 24, 2020, 07:00:55 AM

Decentralized insurance protocol Cover holds vote to cover Pickle hack

If the vote passes, the claim will move to a validity committee to approve a possible payout of $340,000.

Source: Decentralized insurance protocol Cover holds vote to cover Pickle hack (https://cointelegraph.com/news/decentralized-insurance-protocol-cover-holds-vote-to-cover-pickle-hack)

Would appreciate your opinion about this

Title: Re: Decentralized insurance protocol Cover holds vote to cover Pickle hack
Post by: bigcash2011 on November 24, 2020, 10:03:02 PM

As far as i remember over 7 million were hacked and stolen from pickle finance so how would 340k compensate for that amount, i do not know what kind of insurance cover they were using most probably a partial one.