Friday, February 3

Tag: InurAce

InsurAce To Compensate 155 Investors With $12 Million For Their Loss In The Recent Terra Crash
Blockchain

InsurAce To Compensate 155 Investors With $12 Million For Their Loss In The Recent Terra Crash

The DeFi insurance company insurAce is giving out $12 million to 155  investors out of 178 as a compensatory fund to subsidize their loss as a result of the May Terra collapse.  As stated in the post InsurAce plans to compensate 155 investors a sum of $12 million as a result of the crash of Terra and its token in May. Read Also: Ripple's Partner, Tranglo, Expands Its Payment Solution To The UAE Terra May Collapse It is worth noting that the crash was initiated following the de-pegged from USD and plunged below the 1:1 ratio which also result in the fall of its token from over $100 to almost zero. The crash was so disheartening to the Terra ecosystem and the whole crypto sphere as the collapse affected them and the crypto is just recovering from it. However, the Te...