Introduction

Victus Ventures Limited ("Victus", "we", "us", or "our") provides this Risk Disclosure statement to inform you of the potential risks associated with using our Website (https://www.victusmarkets.com) and engaging with our services, including but not limited to crypto-fiat exchange, market making, staking, and custody solutions. This Risk Disclosure is an important part of our Terms of Use and should be read carefully before using our services.

By accessing or using our Website and services, you acknowledge that you have read, understood, and accept the risks described in this Risk Disclosure. If you do not understand or are not willing to accept these risks, please refrain from using our services and/or our Website.

This Risk Disclosure applies to all visitors, users, customers, and other individuals who access or use our Website and services ("User", "you", or "your"). It outlines the various risks associated with cryptocurrency trading, digital asset services, and related financial activities.

Victus acts as a service provider in the digital asset and cryptocurrency space. By using our Website and services, you acknowledge that you understand the risks involved and that you are solely responsible for your decisions and actions.

This Risk Disclosure does not constitute investment, legal, tax, or financial advice. You should consult with qualified professionals before making any decisions related to cryptocurrency trading or digital asset services.

This Risk Disclosure is an integral part of our Terms of Use and Privacy Notice. Any capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Terms of Use.

1.1. General Risk Warning

1.1.1. Trading and investing in cryptocurrencies and digital assets involves substantial risk of loss and is not suitable for every investor. The value of cryptocurrencies and digital assets can be extremely volatile and may result in significant financial losses.

1.1.2. You should never invest more than you can afford to lose. Cryptocurrency markets are highly speculative and can experience rapid and significant price movements in short periods of time.

1.1.3. Past performance of cryptocurrencies or digital assets does not guarantee future results. The cryptocurrency market is relatively new and unregulated in many jurisdictions, which may increase the risks involved.

1.2. Market and Price Risks

1.2.1. Cryptocurrency prices are subject to extreme volatility and can fluctuate dramatically within short time periods:

Market prices may be influenced by factors including but not limited to regulatory news, technological developments, market sentiment, and macroeconomic conditions;
Price movements can be sudden and unpredictable, potentially resulting in significant losses;
Liquidity in cryptocurrency markets can vary, which may affect your ability to buy or sell assets at desired prices;
Market manipulation, including pump and dump schemes, may occur and can adversely affect prices.

1.2.2. You should be aware that:

Cryptocurrency markets operate 24/7, which means prices can change at any time, including when you are not actively monitoring the market;
Price gaps may occur, especially during periods of low liquidity or high volatility;
Stop-loss orders may not execute at your specified price due to market conditions.

1.3. Technology and Security Risks

1.3.1. Digital assets and cryptocurrency services rely on technology that may be subject to various risks:

Network Risks: Blockchain networks may experience congestion, delays, or technical issues that could affect transaction processing times and costs;
Smart Contract Risks: Smart contracts may contain bugs, vulnerabilities, or unexpected behaviors that could result in loss of funds;
Cybersecurity Risks: Digital assets and cryptocurrency platforms may be subject to hacking, phishing, malware, or other cyberattacks that could result in loss of funds;
Wallet Security: The security of your digital asset wallets depends on your ability to protect private keys and access credentials. Loss of private keys may result in permanent loss of assets.

1.3.2. Technical failures, system errors, or network issues may prevent you from accessing your account, executing trades, or withdrawing funds at critical times.

1.4. Regulatory and Legal Risks

1.4.1. The regulatory environment for cryptocurrencies and digital assets is evolving and varies significantly across different jurisdictions:

Regulatory changes or new regulations may affect the legality, availability, or value of cryptocurrencies and digital asset services;
Government actions, including bans or restrictions, may impact cryptocurrency markets and services;
Tax treatment of cryptocurrency transactions varies by jurisdiction and may change, potentially affecting your tax obligations;
Compliance with anti-money laundering (AML) and know-your-customer (KYC) requirements may be required and could affect your ability to use certain services.

1.4.2. Victus operates in compliance with applicable laws and regulations, but regulatory changes may require us to modify or discontinue certain services, which could affect your access or the value of your assets.

1.5. Liquidity and Counterparty Risks

1.5.1. Liquidity risks may affect your ability to execute trades or withdraw funds:

Low liquidity in certain markets or for specific assets may make it difficult to buy or sell at desired prices;
Market conditions may prevent order execution or result in significant price slippage;
Exchange or platform liquidity issues could delay or prevent withdrawals.

1.5.2. Counterparty risks include:

The risk that third-party service providers, including exchanges, custodians, or other intermediaries, may fail to fulfill their obligations;
The risk of insolvency or bankruptcy of service providers, which could result in loss of funds;
The risk that smart contracts or decentralized protocols may not function as intended.

1.6. Operational Risks

1.6.1. Operational risks associated with our services may include:

System failures, technical glitches, or maintenance issues that could temporarily interrupt service availability;
Human error in the operation of our systems or services;
Third-party service provider failures, including hosting, payment processing, or other infrastructure providers;
Data loss or corruption that could affect account information or transaction records.

1.6.2. While we implement security measures and operational procedures to minimize these risks, we cannot guarantee that service interruptions or operational issues will not occur.

1.7. Staking and Custody Risks

1.7.1. If you engage with our staking or custody services, additional risks apply:

Staking Risks: Staking involves locking digital assets for a period of time, during which you may not be able to access or trade those assets. Staking rewards are not guaranteed and may vary based on network conditions;
Slashing Risks: Some staking protocols may impose penalties (slashing) for validator misbehavior, which could result in loss of staked assets;
Custody Risks: While we implement security measures for custody services, there is always a risk of loss due to security breaches, technical failures, or other operational issues;
Lock-up Periods: Staked assets may be subject to lock-up periods or unbonding periods that prevent immediate withdrawal.

1.7.2. The value of staked assets may fluctuate during the staking period, and you may not be able to respond to market changes if your assets are locked in staking.

1.8. Tax and Accounting Risks

1.8.1. Cryptocurrency transactions may have tax implications:

Tax treatment of cryptocurrency transactions varies by jurisdiction and may be subject to change;
You are responsible for understanding and complying with tax obligations in your jurisdiction;
Failure to properly report cryptocurrency transactions may result in penalties or legal consequences;
Record-keeping for cryptocurrency transactions can be complex and may require specialized knowledge.

1.8.2. We recommend consulting with qualified tax professionals to understand your tax obligations related to cryptocurrency activities.

1.9. No Guarantee of Returns

1.9.1. There is no guarantee that you will achieve profits or avoid losses when trading or investing in cryptocurrencies or using our services.

1.9.2. All trading and investment decisions are made at your own risk, and you are solely responsible for any losses that may occur.

1.9.3. Past performance, whether actual or indicated by historical tests of strategies, is not indicative of future results.

1.10. Geographic Restrictions and Compliance

1.10.1. Victus does not provide services to individuals who are citizens or residents of the United States of America. Our services are not directed at individuals located in the U.S., and we do not conduct business, offer services, or engage in transactions with U.S.-based persons, entities, or organizations.

1.10.2. If you are a U.S. citizen or resident, you are not authorized to use our services. Using our services from restricted jurisdictions may violate local laws and could result in legal consequences.

1.10.3. You are responsible for ensuring that your use of our services complies with all applicable laws and regulations in your jurisdiction.

1.11. No Investment Advice

1.11.1. Information provided on our Website or through our services does not constitute investment, financial, legal, or tax advice.

1.11.2. We do not provide recommendations or advice regarding the purchase, sale, or holding of any cryptocurrency or digital asset.

1.11.3. You should conduct your own research and consult with qualified professionals before making any investment or trading decisions.

1.12. Limitation of Liability

1.12.1. To the fullest extent permitted by applicable law, Victus shall not be liable for any losses, damages, or expenses arising from:

Market volatility or price fluctuations;
Technical failures, system errors, or network issues;
Regulatory changes or government actions;
Cybersecurity incidents, hacking, or unauthorized access;
Your failure to secure your account credentials or private keys;
Decisions made based on information provided on our Website or through our services.

1.12.2. You acknowledge and agree that you use our services at your own risk and that Victus is not responsible for any losses you may incur.

1.13. Acknowledgment of Risks

1.13.1. By using our Website and services, you acknowledge that:

You understand the risks described in this Risk Disclosure;
You have the knowledge and experience necessary to evaluate the risks and merits of using cryptocurrency services;
You are financially able to bear the risks of loss associated with cryptocurrency trading and digital asset services;
You have consulted with qualified professionals, if necessary, to understand these risks;
You accept full responsibility for your decisions and actions.

1.13.2. If you do not understand or are not willing to accept these risks, you must not use our services.

1.14. Contact Information

1.14.1. If you have any questions about this Risk Disclosure, please contact us using the details provided in the "How to Contact Us" section of our Privacy Notice.

1.14.2. For any concerns regarding risks associated with our services, please contact us through the official channels specified in our Privacy Notice.