Proof of loss on centralized exchanges

Claim Assessment
1

I have a question on claim process of centralized exchanges such as Binance? If user loses access to the exchange, how can he provide proof of loss?

2

For Custody Cover, only off-chain evidence is necessary since members do not directly control their assets when they are placed into a custodial account; hence, on-chain evidence cannot be provided by a member.

Examples of off-chain evidence include but are not limited to:

  • Emails from or to the custodian regarding loss or withdrawal prevention; or

  • Screenshots of account statements, withdrawal prevention messages, etc.; or

  • Social media statements from custodians regarding losses and/or halted withdrawals.

You can also refer to the Proof of Loss section in the documentation, which breaks down different examples of proof of loss

3

This topic was automatically closed after 7 days. New replies are no longer allowed.