[Required Information]:
Name of the crypto coin/token: PAID NETWORK
Affected wallet address (holds affected tokens): 0xDaaE758A8a60E97f1ccb14CCAFfE487aCD31d0B9
Date of the incident: 05/03/2021
Wallet address that holds SURE tokens: 0xDaaE758A8a60E97f1ccb14CCAFfE487aCD31d0B9
[Resolution]: The price was ~$3.15 per PAID when inSurance plan was purchased. PAID value has devalued to ~$0.15 The exploit is publicly verifiable and price devaluation can be checked on CMC: https://coinmarketcap.com/currencies/paid-network/
The decision has been made to proceed with approval of the request and pay: 389.20*3.15=$1225.98 in SURE tokens I.e. based on the current market price per SURE $0.003859 the requester will receive: 1225.98/0.003859= 318105.864 SURE
This is the case of the drastic devaluation, we will ask the requester to send the PAID tokens to our platform wallet: 0xdaff4fc739b10ee424093851f98ccc6344883a97. (Please check FAQ on https://insuretoken.net/whitepaper.html)
Once the devaluated tokens are transferred and this insurance claim approved by inSure DAO, 318105.864 SURE tokens will be transferred to the requester's wallet specified in the request above.