Risk Disclosure Statement

I. General Provisions

1. Ensuring compliance, platform security, and the safety of user assets remains Spikex's foremost priority. This Risk Disclosure Statement (hereinafter referred to as “this Statement”) aims to alert users to various risks they may encounter when using the products and services provided by Spikex (collectively referred to as the “Services”). Unless otherwise specified, all terms used in this Statement shall have the same meanings as defined in the Spikex User Agreement.

2. Please understand that this Statement does not exhaustively list all potential risks nor fully reflect the applicability of certain risks to your individual circumstances. Before deciding to use our Services, you are responsible for comprehensively understanding the legal, technical, and market risks they may involve and assessing whether they align with your risk tolerance. Additionally, please carefully review the terms, descriptions, and risk disclosures specific to each service or product. By accessing our Services, you acknowledge and accept the associated risks.

II. Technical Risks

1. Although Spikex continuously optimizes its platform systems and employs industry-standard security measures to protect user assets and information, the inherent nature of the internet means technical systems may still encounter complex cyberattacks, system vulnerabilities, service interruptions, data loss, or unexpected system updates.

2. You must securely safeguard sensitive data such as account credentials, private keys, and two-factor authentication information. Any actions initiated from your account are deemed your personal conduct. Given the irreversible nature of digital asset transactions, unauthorized trades may result in irrecoverable losses, for which you shall bear sole responsibility.

III. Digital Asset and Market Risks

1. Digital assets are high-risk investment instruments characterized by extreme volatility. Their prices may be influenced by various factors, including market supply and demand, regulatory policies, macroeconomic conditions, investor sentiment, on-chain technological advancements, and hacking incidents.

2. Users should understand and assume risks including but not limited to the following:

·         Certain asset prices may experience extreme volatility, surging or plummeting sharply within short timeframes.

·         Blockchain protocols may become unstable or cause asset devaluation due to upgrades, forks, attacks, or other failures.

·         Delays or congestion in blockchain transactions may result in failed trades or settlement failures.

·         Held assets may face liquidity exhaustion under extreme market conditions.

·         Digital assets are not universally recognized as legal tender by all jurisdictions and lack legal safeguards.

3. Investing in digital assets carries the risk of partial or total capital loss and is unsuitable for investors with low risk tolerance. We strongly advise users to carefully assess their financial situation, investment objectives, and risk capacity before any transaction, and seek professional advice when necessary.

IV. Counterparty Risk

1. When using Spikex platform services, users may encounter counterparty defaults, liquidation interruptions, loan delinquencies, or suspension of liquidity provider services, which may impact order execution, asset redemption, or transaction pricing.

2. In the event of default by liquidity providers, borrowers, or service providers, users may be unable to complete transactions or withdraw assets promptly, resulting in losses.

V. No Personalized Advice

1. Spikex does not provide personalized investment advice or financial planning. Data, analytical charts, educational materials, or market information displayed on the platform are for reference only and do not constitute any investment or legal advice.

2. Users must independently determine whether an investment aligns with their objectives and circumstances. The platform assumes no responsibility or obligation for outcomes resulting from users' service usage. Spikex does not act as a trustee or agent for users and does not monitor the consistency of your transactions with your financial arrangements.

VI. Legal and Regulatory Risks

1. The legal status of digital assets and related services varies across countries and regions. In certain jurisdictions, digital assets may be deemed illegal, non-transferable, or subject to stringent regulatory restrictions.

2. Policy or legal changes may impact platform operations or user accounts, including asset freezes, transaction suspensions, or product adjustments. Spikex cannot foresee or control such events.

3. Spikex shall not be liable for any losses arising from compliance actions such as service termination, asset restrictions, or identity verification required by legal mandates or regulatory scrutiny.

VII. Tax Liability and Compliance Obligations

1. Users shall understand their tax filing and payment obligations in their respective countries/regions. Spikex does not provide tax advice and shall not be liable for consequences arising from users' tax non-compliance.

2. If relevant authorities require Spikex to withhold taxes or restrict account operations due to a user's failure to cooperate with tax filings in a timely manner, the platform reserves the right to comply without prior notice.

VIII. Liquidity Risk

1. Under certain digital asset conditions or market circumstances, disorderly trading, extreme price spreads, or unmatched orders may occur, potentially preventing users from executing desired buy or sell transactions.

2. During extreme market conditions, users may be unable to execute stop-loss orders or close positions, potentially amplifying losses.

IX. Third-Party Risks

1. Certain platform functions may involve third-party services, including but not limited to payment gateways, custodians, and data providers. Spikex makes no guarantees regarding the stability, security, or compliance of such third-party services and assumes no liability for any losses arising therefrom.

X. Communication and Information Risks

1. During electronic communications with the platform (e.g., via email or online customer service), technical failures, delays, or man-in-the-middle attacks may cause message transmission failures, tampering, or leaks.

2. Users should implement appropriate measures to secure their devices and networks to mitigate related communication risks.

XI. Currency and Exchange Rate Risks

1. When exchanging digital assets for fiat currency or other cryptocurrencies, fluctuations in exchange rates between different currencies may directly impact users' profits or losses. Spikex assumes no responsibility for any exchange rate changes.

XII. Service Availability and Restrictions

1. While Spikex strives to ensure continuous service availability, certain services may be temporarily inaccessible due to system maintenance, network outages, force majeure events, or regulatory requirements.

2. Certain products or features may be restricted or unavailable in specific countries or regions. Users are responsible for independently verifying applicability and compliance within their jurisdiction.

XIII. Security Risks

1. Digital assets face significant cybersecurity threats, including hacking, malware, phishing sites, system backdoors, and fraudulent activities. Although Spikex implements multiple security measures, it cannot guarantee complete immunity from all threats.

2. Spikex shall not be liable for any asset losses resulting from user error, information leaks, or the use of unofficial links. We recommend enabling all available security mechanisms (such as two-factor authentication and authorized device management) to safeguard your assets.

XIV. Final Statement

1. Risks outlined in this statement may evolve due to industry developments, policy changes, or technological advancements. Please regularly review platform announcements and carefully assess risks in conjunction with this statement and your personal circumstances before making any trading or investment decisions.

2. By using this platform's services, you acknowledge that you have read, understood, and accepted all risks and liabilities described herein. Spikex shall not be liable for any direct or indirect losses resulting from user negligence or misunderstanding of this statement.