Important Risk Warning

General Risk Disclosure

Trading, holding, and using digital assets (including cryptocurrencies, tokens, and other blockchain-based assets) carries substantial risk. Before using iCloser's Services, you should carefully consider whether such activities are suitable for you in light of your financial condition, risk tolerance, and investment objectives.

Market and Volatility Risk

Extreme Price Volatility: Digital asset prices can fluctuate dramatically within short periods. Prices may increase or decrease by 10%, 20%, 50%, or more in a single day.

• Market prices are influenced by supply and demand, speculation, regulatory developments, technological changes, and macroeconomic factors
• Past performance is not indicative of future results
• There is no guarantee that any digital asset will maintain its value

Liquidity Risk

Digital assets may have limited liquidity, making it difficult to buy or sell at desired prices:

• Some digital assets have low trading volumes and may be difficult to sell quickly
• Market disruptions or technical issues may prevent you from accessing or trading your assets
• Withdrawal restrictions may apply during periods of high volatility or system maintenance

Regulatory and Legal Risk

The regulatory environment for digital assets is evolving and uncertain:

• New laws or regulations may restrict or prohibit digital asset activities
• Regulatory actions may negatively impact the value or usability of digital assets
• Tax treatment of digital assets varies by jurisdiction and may change
• Legal status of certain digital assets may be unclear or disputed
• Services may be restricted or unavailable in certain jurisdictions, including jurisdictions where the iCloser iOS application is not currently distributed

Colorado-Specific Regulatory Considerations

As a Colorado-based company, iCloser operates under specific state regulatory frameworks:

• Money Services: iCloser Ltd. is registered with FinCEN as a Money Services Business (MSB). State-specific requirements may affect service availability or terms
• Investment Advice: AgentFI services are subject to Colorado Division of Securities oversight and may be limited or modified based on regulatory guidance
• Privacy Rights: Colorado Privacy Act provides consumers with specific data rights that may affect how services are delivered
• Consumer Protection: Colorado Consumer Protection Act (C.R.S. § 6-1-101) provides additional consumer rights and remedies

Technology and Security Risk

Digital assets and blockchain technologies are subject to various technical risks:

• Cybersecurity Threats: Hacking, phishing, malware, and other attacks may result in loss of assets
• Private Key Loss: Loss of private keys or recovery phrases results in permanent loss of access to assets
• Smart Contract Bugs: Errors in smart contract code may lead to loss of funds
• Network Failures: Blockchain network congestion, forks, or failures may disrupt transactions

Irreversibility of Transactions

Blockchain transactions are generally irreversible:

• Once a transaction is confirmed on the blockchain, it typically cannot be reversed or canceled
• Sending assets to an incorrect address may result in permanent loss
• iCloser cannot reverse blockchain transactions or recover lost assets

Investment Advisory Disclaimer

VA Account Technical Service Fee

• This fee is non-refundable upon successful account provisioning
• If provisioning fails due to an iCloser technical error, a full refund will be issued within 10 business days
• If provisioning cannot be completed due to a compliance or eligibility determination, $94.99 will be refunded within 10 business days; $5.00 is retained to cover processing costs
• This fee is a technology service charge, not a deposit, investment, or financial product
• Payment of this fee does not guarantee approval of any VA, card, or partner-supported financial service

Foreign Exchange and Multi-Currency Risk

iCloser's platform supports multi-currency transactions and digital asset conversions. Users should be aware of the following foreign exchange risks:

• Indicative Rates: Foreign exchange rates displayed in the application (including HKD and other currency pairs) are indicative rates provided for reference only. Actual transaction rates may differ at time of execution due to market movement, liquidity, and partner spreads.
• USD-Only VA Credentials: Virtual Account (VA) credentials issued at launch support USD transactions only. Non-USD settlement attempts may be subject to conversion, additional fees, or rejection by the receiving institution.
• Stablecoin Conversion Risk: Conversion between digital assets (e.g., USDT, USDC) and fiat currency involves rate risk and may be subject to slippage, network fees, and liquidity constraints.
• Cross-Border Settlement: SWIFT international settlement may be subject to correspondent institution fees, currency conversion costs, and delays that are outside iCloser's control.

Payment Card Disclaimer

No Guaranteed Returns

Limited Recourse

Digital assets generally lack the protections available for traditional financial products:

• Digital assets are not insured by FDIC, SIPC, or similar programs (except where explicitly stated)
• There may be limited or no recourse in case of loss, theft, or disputes
• Consumer protection laws may not apply to digital asset transactions

Acknowledgment of Risk

By using iCloser's Services, you acknowledge and accept all risks described in this document and agree that:

• You have read and understood these risk disclosures
• You are solely responsible for your decisions and their consequences
• iCloser is not liable for losses resulting from market conditions, regulatory changes, or other factors beyond our control

Contact Information

For questions about these risk disclosures:

Email: privacy@icloser.xyz

Address: iCloser Ltd., 1580 N Logan St, Suite 660 #30327, Denver, CO 80203, USA