This is a follow-up ticket for: https://snapshot.org/#/insuretoken.eth/proposal/0xfcbd850dda51e9b0d075187ccf05d34165fb0473a57f550c493fa042b01e5bea
The member has used a platform called Grim Finance and lost his/her funds.
[Coverage Eligibility] In order for the project to be eligible, it must have a token that is listed on 2+ CEXs.
If anyone checks the CMC page or Coingecko it shows that the Grim Finance project's token is not listed on 2 or more CEXs: https://coinmarketcap.com/currencies/grimtoken/markets/ https://www.coingecko.com/en/coins/grimtoken#markets I.e. the project where the funds were deposited is not eligible for the coverage. Please see the details on the project eligibility here: https://insuretoken.net/whitepaper.html#faq
This is a good example of why members need to avoid projects that are not eligible for coverage.