Risk Disclosures

These Risk Disclosures explain the main risks of using Safecloser to send and receive digital assets such as USDC. They are written in plain language to help you understand what can go wrong. They are part of, and incorporated by reference into, the Safecloser Terms of Service, and the Terms of Service govern your use of the Platform. If anything here conflicts with the Terms of Service, the Terms of Service control.

Please read this page before you send or receive any funds. The most important thing to understand is simple: when you send digital assets, the transfer is final. If something goes wrong, the money is usually gone, and no one — including Safecloser — can get it back for you.

You send the money. Safecloser does not.

Safecloser is non-custodial. That means Safecloser never holds, controls, or has access to your funds. When a payment happens, it goes directly from the sender’s wallet to the recipient’s address, on a public blockchain. Safecloser only generates the documents, coordinates signing, and watches the blockchain to detect when a transfer has arrived. It does not move the money, hold it along the way, or have any ability to reach into your wallet.

This is good for you in important ways — your funds are never sitting in someone else’s account, and Safecloser can’t freeze or seize them. But it also means the responsibility for getting every transfer right sits entirely with you. There is no intermediary holding the money who can pause, reverse, or correct a mistake.

Safecloser is a technology platform, and only a technology platform

Safecloser is a tool. Like other tools, it helps you and the other party carry out a transaction — but it is not a party to that transaction and does not represent or act for either side. Safecloser does not give legal, tax, regulatory, or financial advice, about anything you do on or off the Platform, and nothing on the Platform is advice or a recommendation to enter into — or to stay out of — any transaction.

Safecloser also does not check whether what the other party tells you is true, and does not decide or vouch for whether a transaction is a good idea, legal, or right for you. The fact that a company or investor appears on the Platform is not an endorsement of them or of the deal.

A transaction can create real legal, tax, and financial obligations for the people who enter into it, and it may be subject to securities laws. Depending on the transaction, those laws can require regulatory filings under federal, state, or foreign law, including a Form D filing with the U.S. Securities and Exchange Commission (SEC). Whether any of these apply to you depends on your particular circumstances. Safecloser does not determine which requirements apply, make any filings, or advise you on them; each party is responsible for meeting the requirements that apply to it. Before you sign or send anything, get advice from your own qualified advisors.

Transfers are irreversible, and there is no recovery

Blockchain transfers cannot be undone. Once you submit a transaction, it cannot be cancelled, reversed, recalled, or charged back — not by you, not by the recipient, and not by Safecloser. There is no “undo,” no support line that can claw the money back, and no dispute process like the one you may be used to with credit cards or banks.

Because of this, ordinary mistakes can cause permanent loss. You could lose your funds if you:

• send to the wrong address, or mistype even a single character of an address;
• send to an address other than the correct recipient address for your transaction;
• send on the wrong blockchain network;
• send the wrong token or asset;
• send the wrong amount; or
• send after a deadline, or at a time the transfer no longer corresponds to a valid transaction.

In any of these cases, the funds may be lost forever. Safecloser cannot recover, return, or refund them. Whether you can recover anything is a matter between you and the other people involved — and often, recovery is simply not possible. Before you authorize any transfer, check every detail yourself: the address, the network, the token, and the amount. Anything the Platform displays is there to help you, but it does not relieve you of the responsibility to verify.

Blockchain networks are outside anyone’s control

Safecloser’s payments run on public blockchain networks that are operated by independent third parties, not by Safecloser. These networks can behave in ways no one controls. They may experience congestion, delays, downtime, or errors. They can fork, change their rules, or undergo “reorganizations” that alter or reverse which transactions are recognized. Any of these events can delay a transfer, cause it to fail, or cause it to be processed in a way you did not intend. Safecloser does not control these networks and is not responsible for how they behave.

Because Safecloser relies on blockchain data and third-party services to detect transfers, the status you see on the Platform can be delayed, incomplete, or — in unusual situations like a network reorganization or a data-provider outage — temporarily inaccurate. Status shown on the Platform is informational; it reflects what Safecloser can observe, and it is not a guarantee.

Network (“gas”) fees

Sending funds on a blockchain usually requires paying a network fee, often called “gas.” These fees are set by the network, not by Safecloser, and they can change quickly and sometimes be significant. The party making a transfer pays its own network fees. Safecloser does not set, collect, subsidize, or control these fees and is not responsible for them.

Smart contracts and software can fail

Digital assets like USDC, and the blockchain networks they run on, depend on smart contracts, protocols, and software built and maintained by independent third parties. This software can contain bugs or vulnerabilities, can be exploited or attacked, and can behave in unexpected ways. Safecloser does not build, control, audit, or guarantee any of this third-party technology, and is not responsible for losses that result from it.

The value of a stablecoin is not guaranteed

USDC and other supported tokens are issued by independent third parties — for example, USDC is issued by Circle — not by Safecloser. A stablecoin is intended to hold a steady value, usually one U.S. dollar, but that value is not guaranteed. A stablecoin can “lose its peg” and trade below its intended value, become illiquid, or become difficult or impossible to redeem.

Safecloser does not issue, back, guarantee, or control any supported token, and does not guarantee that any token will keep its value, its peg, its convertibility, or its backing. If you hold or transact in a stablecoin, you bear the risk of changes in its value and stability.

The rules are still evolving

The laws and regulations that apply to blockchain networks and digital assets are still developing and can change, sometimes quickly and unpredictably. New rules could affect the Platform, the tokens and networks it supports, or your own transactions. Safecloser is not responsible for these changes or their consequences, and nothing on the Platform is legal, tax, or financial advice. You are responsible for understanding the rules that apply to you, and you should consult your own advisors.

You accept these risks when you use the Platform

By using Safecloser to send or receive digital assets, you acknowledge that you understand the risks described here, that you have the knowledge and experience to evaluate them, and that you are willing and able to bear them — including the risk of total, permanent loss. You are responsible for your own decisions to use the Platform and to send and receive funds.

If you are not comfortable with these risks, do not send or receive funds through the Platform.