ETZ Trading Platform Risk Disclosure Statement

This Risk Disclosure Statement is intended to inform users of the risks associated with using the "ETZ" trading platform and other services provided by our company. The information contained in this disclosure statement does not exhaustively list all risk factors, nor does it comprehensively cover all risk elements that users should consider before using the relevant services. Users must independently determine whether to use or access the relevant services and should seek necessary or appropriate advice from independent professional advisors based on their own circumstances, including financial and legal counsel.

By using or accessing any services related to the "ETZ" trading platform, users acknowledge that they have fully understood all risks described in this document and agree that the "ETZ" trading platform shall not be liable for any losses or damages (whether direct or indirect) suffered by users during the use or access of the "ETZ" trading platform or services.

Financial Risks

Trading Loss Risk

Users must independently bear the risks arising from using the various services of this platform, including but not limited to spot trading and derivatives trading services provided by this platform. We cannot guarantee that users will achieve positive returns or profits from using the relevant services, will not incur significant losses, or will achieve their investment objectives. All contract transactions conducted on this trading platform use Bitcoin, stablecoins, and other digital assets as margin payment methods and settlement methods.

Contracts traded on this trading platform fall within the category of derivative financial instruments and are high-risk financial products, requiring users to possess appropriate investment experience and risk tolerance. Users may only fund their own wallets and trade digital assets they own and can afford to lose. Users may lose a significant portion or even all of their capital. Users should only fund their own wallets and trade digital assets they own within their risk tolerance capacity. Users may suffer substantial capital loss or even complete loss of principal. Furthermore, using certain specific services carries higher loss risks for tradable contracts. Therefore, users should carefully assess whether they can bear the loss risks involved in using relevant services (particularly derivatives trading services).

The design objective of this trading platform is to ensure that the maximum loss risk faced by any trading user's positions held on the trading platform does not exceed the actual digital asset amount allocated to the relevant positions (in the form of fees, funding costs, margin, or premiums). Trading users will always hold one net position in any specific contract. If a position is forcibly liquidated, the digital asset margin allocated to that position will be lost, with the maximum loss amount reaching the entire account balance of the trading user. Please refer to the forced liquidation process described on this website and in the trading guide.

Severe Price Volatility Risk

Compared to other asset classes (such as stocks, bonds, and other tradable products), digital asset prices are more difficult to predict and exhibit extreme volatility. Users should not trade digital asset derivatives unless they fully understand the characteristics of such derivatives and their own risk tolerance. Any spreads or other charges related to contracts will further increase their volatility, and this volatility may exceed expectations and be difficult to predict.

Market Liquidity Risk

Compared to other derivative contract types, digital asset derivatives (including derivatives traded on this trading platform) carry higher risks, lower liquidity, stronger volatility, and are more susceptible to changes in economic conditions, political situations, market environments, industry dynamics, regulatory policies, and other factors. The liquidity of the contract market depends on the supply and demand relationship on the trading platform and the commercial enthusiasm and speculative interest in such contracts in the market. Since contracts are traded in a closed trading system, there is a risk that trading volume and liquidity may be limited. Insufficient liquidity in the contract market may result in order execution delays, and certain orders may not be executed at all; if the order amount is large, the above negative impacts may be further exacerbated.

Deposit and Withdrawal Asset Risk

Users are responsible for ensuring that they use the correct address when conducting any deposit, withdrawal, or transfer operations, and that the address used by the user is a valid address for the digital asset that the user intends to transfer and that our company accepts as a deposit. If there are inaccuracies in the specified address or errors in the digital assets the user attempts to transfer between different addresses, it will result in the complete loss of the relevant digital assets.

Any digital assets transferred to a user's account or transferred between accounts can only be used for margin purposes or withdrawal purposes after they have been successfully transferred to the user's account. According to our policies and operational procedures, digital assets will be credited to the user's account when the blockchain reaches the recommended number of block confirmations. Our company reserves the right to independently decide whether to credit any digital assets transferred to the user's account.

The time between block confirmations and between any block confirmation and account crediting varies depending on specific circumstances and depends on multiple factors, including external factors beyond our control. We do not provide any guarantees or warranties regarding the time period for deposits and withdrawals and confirmation of withdrawals.

For example, in the following situations, deposits and withdrawals may not be successfully credited or may experience delays:

The relevant network experiences delays, excessive traffic, or technical failures
The network fees allocated to the transaction are insufficient to ensure that the user's transaction is confirmed as expected by the user (any network fees we may deduct or the withdrawal network fees we recommend are not recommendations or guarantees for any transaction processing time)
System processing times may vary and increase due to excessive traffic, technical failures, or other conditions affecting processing times
The user is suspected of participating in any suspicious activities or violating the terms of service

If a deposit fails to be successfully transferred to the user's account and the user cannot control the risk exposure of positions or orders, the user may face the risk of capital loss.

The underlying protocol of digital assets may change or otherwise cease operations due to changes in its underlying technology or attacks. Such changes include but are not limited to "forks," "rollbacks," "airdrops," and other situations. Any such changes or failure to fulfill any applicable protocols may dilute the value of digital assets or positions held by users and may result in complete loss. Our company will not support such changes (unless our company independently decides to support them). Any assets (or other digital tokens or assets) that users hope to receive through distribution or transfer may not be credited or transferred to the user's account, which will result in the complete loss of such assets, and users have no right to make claims or demand compensation in this regard.

Information Accuracy Risk

Although our company strives to keep all information provided up-to-date and accurate, in certain circumstances, information may still be outdated, incomplete, not yet updated, or inaccurately translated.

Regulatory Compliance Risks

General Regulatory Risk

The regulatory environment regarding cryptocurrencies and other digital assets is in a continuous state of evolution. Generally speaking, the application and interpretation of existing laws and regulations have not been sufficiently tested, and there is uncertainty regarding the specific manner of their application. New laws and regulations applicable to blockchain technology and digital assets and related service providers will be promulgated in the future, but there is no guarantee that such changes will not adversely affect general digital assets or related services. It is impossible to predict how such changes will affect the price and liquidity of digital asset derivatives, general digital assets, or related services.

Regulatory measures may adversely affect cryptocurrencies and other digital assets in various ways. For example, determining that digital assets or their derivatives with retroactive or prospective effect are regulated financial instruments that need to be registered or licensed in certain jurisdictions. In such circumstances, our company must prohibit users from conducting any transactions on the trading platform based on their nationality, residence, or location. If doing so is commercially unsustainable or legally prohibited, it may have a significant adverse impact on the price and liquidity of cryptocurrencies.

Before using the relevant services, users are ultimately responsible for ensuring compliance with any and all local regulations, directives, restrictions, and laws in their jurisdiction. We expressly state that we do not allow users from jurisdictions prohibited from using the relevant services (including but not limited to the United States or any restricted jurisdictions sometimes listed on international sanctions lists such as OFAC, FATF, etc., as having unacceptable money laundering or terrorist financing risks) to use the relevant services. We will not make offers or induce persons located in any of the above restricted jurisdictions or other jurisdictions where the specific use of the relevant services is not authorized by local law or is otherwise prohibited to use the relevant services.

Users are responsible for managing their own tax and legal affairs, including submitting any regulatory documents and making payments and complying with applicable laws and regulations. We do not provide any regulatory, tax, or legal advice.

Network Technology Risks

Cybersecurity Threat Risk

Malicious individuals, groups, or organizations may attempt to interfere with trading platform operations in various ways, which may adversely affect the operation of the trading platform, the availability of related services, and the value of contracts traded on the trading platform, including but not limited to malware attacks, denial-of-service attacks, coordinated attacks, account hijacking, and submission of fraudulent transactions (including fraudulent activities).

To fulfill necessary business functions, technology application is becoming increasingly prevalent, and dependence on computer systems is also increasing accordingly. Digital assets and related services are also more susceptible to operational risks and information security risks. Network incidents typically originate from deliberate attacks or accidental events. Cyberattacks include but are not limited to unauthorized access to digital systems for purposes such as misappropriating assets or sensitive information, destroying data, or causing operational disruptions. Cyberattacks may also be implemented in ways that do not require unauthorized access, such as launching denial-of-service attacks on infrastructure. Cybersecurity failures or vulnerabilities of third-party service providers (including but not limited to software vendors, cloud service providers, index providers, management institutions, and transfer agent institutions) may adversely affect digital assets and related services.

Users are responsible for ensuring (i) the security and confidentiality of their access credentials (including user email, username, and password), as well as the security of accessing or using any two-factor authentication hardware, software, or passwords, and (ii) the security and integrity of any systems (hardware and software) or services used by users to access the relevant services.

Platform Information Technology Maintenance Risk

Our company may periodically perform routine maintenance or other maintenance work on the trading platform. This may result in platform downtime and inability to access the trading platform, which may cause submitted orders that have not yet been processed to be delayed or cancelled, and the inability to place orders during maintenance or downtime, and trading users cannot submit new orders or modify existing orders.

System Access Risks

Using application-based and/or web-based trading technologies involves a series of inherent risks, such as delays in displayed prices and other issues caused by connections (including but not limited to using mobile network connections). Prices displayed on the trading platform only represent possible execution prices and do not reflect the actual execution price or executable price of orders.

The trading platform utilizes public communication network circuits to transmit information. Our company assumes no responsibility for any and all situations where quote delays or inability to conduct transactions are caused by network transmission issues or limitations or other issues beyond our direct control, including but not limited to mobile signal strength, network delays, or other issues that may arise between users and any internet service providers, telephone service providers, or other service providers. Please also note that certain features on the trading platform may not be available on certain mobile applications.

Our company may require users to download and install updated versions of available applications or updated versions of their device operating systems. Failure to download may result in users being unable to access certain features of the relevant services (including trading features) until updates are successfully downloaded and installed. If our company's mobile application is used on devices with customized or non-standard operating software, or if other software is installed on such devices, performance issues and security risks may arise.

Asset Withdrawal Risk Disclosure

Digital asset withdrawals are irreversible blockchain transactions. Once a withdrawal has been completed, the relevant digital assets will be transferred to the blockchain address designated by you and, in most cases, cannot be canceled, reversed, or recovered.

To help safeguard your assets, please read this Asset Withdrawal Risk Disclosure carefully and ensure that you fully understand its contents before using the withdrawal services provided by ETZ.

You acknowledge that digital asset transactions and blockchain transfers involve significant risks. You should carefully evaluate whether to use the withdrawal services based on your own understanding of such risks, your risk tolerance, financial circumstances, and investment objectives.

By checking the confirmation box, submitting a withdrawal request, or otherwise continuing to use ETZ's withdrawal services, you acknowledge that you have carefully read, fully understood, and accepted all terms of this Risk Disclosure, are aware of the risks associated with digital asset withdrawals, and agree to assume all risks, losses, and legal liabilities arising from your withdrawal activities.

1. Risk Disclosure

1.1 Transfer of Asset Control

Once your digital assets have been successfully withdrawn to the designated blockchain address, control and ownership of those assets will be transferred to the holder or operator of the corresponding wallet or platform. ETZ has no ability to control, intervene in, or recover assets after the withdrawal has been completed.

1.2 Irreversible Transactions

Blockchain transactions are generally irreversible. Once your withdrawal request has been approved by ETZ and successfully broadcast to the blockchain network, the transaction typically cannot be canceled, reversed, frozen, or recovered. ETZ is unable to retrieve or restore assets that have already been withdrawn.

1.3 Transfers to High-Risk or Unreliable Platforms

If you withdraw digital assets to platforms suspected of engaging in Ponzi schemes, pyramid schemes, illegal fundraising, unlicensed investment activities, or other unlawful or unregulated operations based on third-party inducements, advertisements, or promises of guaranteed or unusually high returns, your assets may be frozen, become inaccessible, or be permanently lost. You are solely responsible for any resulting losses.

1.4 Fraud and Scam Risks

If you withdraw digital assets in connection with fraudulent schemes, including but not limited to arbitrage scams, fake airdrops, investment rebate schemes, task scams, fraudulent investment opportunities, online gambling, romance/investment scams ("pig butchering" scams), or similar activities, you may suffer partial or total loss of your assets. ETZ shall not be liable for any losses arising from such activities.

1.5 Lending and Entrusted Transaction Risks

Where you withdraw digital assets to a third-party address for the purposes of lending, custodial arrangements, entrusted investments, delegated trading, or any other private arrangement, any disputes arising from breach of contract, refusal to return assets, misappropriation, or other civil disputes shall be solely between you and the relevant third party. ETZ is not a party to such arrangements and assumes no responsibility for resolving related disputes or providing compensation.

1.6 Risks Related to Illegal or Criminal Activities

If you purchase digital assets on behalf of another person and subsequently withdraw them, or assist others in transferring funds, exchanging assets, or conducting similar activities, you may be exposed to legal risks involving money laundering, illegal business operations, telecommunications fraud, assisting information network criminal activities, or other violations of applicable laws. You may be subject to administrative, civil, or criminal liability under applicable laws and regulations.

1.7 Incorrect Withdrawal Information

You are solely responsible for verifying that all withdrawal information is accurate, including but not limited to the recipient address, blockchain network (Chain), Memo, Tag, and any other required information. Any loss of assets resulting from an incorrect address, selecting the wrong blockchain network, omitting or providing an incorrect Memo/Tag, or any other operational error shall be borne solely by you.

1.8 ICO, IEO, and Other Token Offering Risks

Participation in Initial Coin Offerings (ICOs), Initial Exchange Offerings (IEOs), and other digital asset investment projects involves significant investment and regulatory risks. You should conduct your own due diligence before participating. Do not transfer digital assets directly to fundraising addresses unless the transfer fully complies with the project's stated requirements, as doing so may result in permanent loss of assets or failure to receive the corresponding tokens or rights.

1.9 Force Majeure and System Risks

ETZ shall not be liable, to the fullest extent permitted by applicable law, for any withdrawal delays, failures, or asset losses resulting from circumstances beyond its reasonable control, including but not limited to wars, terrorist acts, natural disasters, public health emergencies, changes in laws or regulatory policies, abnormal market volatility, blockchain network congestion, cyberattacks, system failures, communication interruptions, computer viruses, or any other unforeseeable, unavoidable, or insurmountable events.

1.10 Risks Arising from Your Own Actions

You shall bear sole responsibility for any asset losses arising from your own actions or omissions, including but not limited to:

Errors in judgment or investment decisions;
Operational mistakes or mistakenly submitted withdrawal requests;
Loss, disclosure, theft, or unauthorized use of your account credentials, verification codes, private keys, or recovery phrases;
Unauthorized access to your account or cybersecurity incidents;
Use of compromised, infected, or otherwise insecure devices;
Authorizing or entrusting third parties to operate your account on your behalf; or
Any other losses resulting from your own acts, omissions, or negligence.

All risks and liabilities arising from the foregoing shall be borne solely by you.

2. Important Notice

This Risk Disclosure is intended to highlight the principal risks associated with digital asset withdrawals. It does not identify or describe every risk that may arise.

You are responsible for understanding the nature of digital asset transactions and blockchain technology and for complying with all applicable laws, regulations, and regulatory requirements in your jurisdiction.

Before submitting any withdrawal request, you should carefully verify the recipient address, blockchain network, digital asset type, and all other relevant information to ensure that the withdrawal accurately reflects your intentions.

ETZ reserves the right, in accordance with applicable laws, regulatory requirements, internal risk control policies, and Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), and sanctions compliance obligations, to review, delay, reject, suspend, or otherwise take any necessary risk control measures with respect to any withdrawal request.

You acknowledge and agree that, to the maximum extent permitted by applicable law, ETZ shall not be liable for any loss of digital assets resulting from market risks, the inherent characteristics of blockchain networks, actions or omissions of third parties, or your own actions or omissions.

By confirming this Risk Disclosure and proceeding with your withdrawal, you acknowledge that you have carefully read, fully understood, and accepted all of its terms, and voluntarily assume all risks and legal responsibilities arising from your use of ETZ's withdrawal services.

Cryptocurrency Risk Disclosure Statement

Cryptocurrency Risk Disclosure Statement