What is covered?
In summary, we'll cover you if
You lost assets to a scam in a confirmed transaction
You were using Pocket Universe and saw the pop up for the transaction where the loss occurred
You didn't see a warning or simulation results showing that you were going to lose those assets
You need to have seen a Pocket Universe popup, which means that we only cover transactions on chains that we support. Currently that is Ethereum, Polygon, BSC, Arbitrum and Optimism.
We will continually add more chains based on demand and technical feasibility.
How much is covered?
We cover X% of the value of assets lost up to $2000. The % coverage starts at 50% and can be increased up to 100% through the Referral program.
Your coverage % can be seen from the banner in the extension pop-up.
What isn't covered?
We do not cover asset losses results from
Compromised seed phrases or private keys
e.g. from malware or typing your seedphrase to someone
e.g. where the founders leave
Losses that are not from your wallet
e.g. from a smart contract you deploy or from a Gnosis Safe
Ignored warnings in Pocket Universe
e.g. you continued with the transaction despite seeing a scam warning
Pocket Universe didn't pop up
e.g. you disabled the extension, or installed another extension that interferes with our popup
Lost funds from before using Pocket Universe or before you got a Pocket Protect token
e.g. you lose funds a year ago before using our tool or this program
In addition, we reserve the right to refuse coverage payment in cases where
there is evidence of the assets not being lost to a 3rd party scammer
e.g. you set up a scam for yourself
there is insufficient evidence for assets being lost
e.g. Etherscan link unable to be provided
there is insufficient evidence for Pocket Universe being used
e.g. no simulation result from that wallet on our servers
How much funding is there for coverage?
We are currently committing $100K USDC of our own funds to cover these losses. We plan to increase this over time. In the unlikely event that the funding runs out, we'll announce next steps based on the circumstances.