Your CoverCrypto membership covers the costs of cryptoasset discovery and recovery, rather than the full value of the assets. Paying out the full fiat currency value of a theft or providing cryptocurrency replacements could expose our members to fraudulent claims from bad actors. Covering the costs of discovery and recovery is the most responsible approach to safeguarding our members' interests.
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Submitting a false or illegitimate claim to CoverCrypto would not provide any benefit to the member, as our membership would fund investigations by leading crypto investigators and lawyers to uncover such fraudulent activity. Any bad actors found falsely reporting a theft would be held accountable for the costs of the investigation, alongside being reported to the police, as false reporting is a crime.
