💼3. Digital Asset Wallet Risks

Users are responsible for using the correct blockchain address of their digital asset wallet address or addresses associated with their account (the “Digital Asset Wallet”) for any deposit or transfer and ensuring that the address used is compatible with the digital asset being deposited or transferred. Any inaccuracy in a Digital Asset Wallet or in the digital asset attempted to be transferred may result in the total loss of the digital asset concerned.

SikaSwap does not provide custodial services. Digital assets maintained in your SikaSwap account are either maintained in your external exchange account and/or your exchange sub-account under the exchange master account from a digital asset exchange. You acknowledge, understand, and agree that SikaSwap shall not be held liable for losses arising from any security issues of the digital asset exchanges or from any actions taken by the digital asset exchanges.

Furthermore, digital assets transferred to or held in the Digital Asset Wallet are not insured by any government agency or public authority and are not covered by any deposit protection schemes. They may be commingled with other users’ digital assets. SikaSwap does not have any trust, fiduciary, or other custodial relationship with you. Your wallet account balances (including both deposits, trading profits, or any other digital assets kept in your Digital Asset Wallet) are not insured and therefore are at risk of total loss from, among other things, security breaches (whether in respect of your accounts specifically or the services), electronic, technological, or systems failures, and SikaSwap insolvency or bankruptcy, or equivalent formal proceedings.