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Questions & Answers

What is a SFox regulated Crypto Trust Wallet?

An independent Crypto Wallet that allows the borrower (Falcon) to deposit the $4,000,000 of Tether (USDT) with SFox SAFE as independent regulated Trustees.

How secure is SFox Crypto Trust Wallet and are they regulated?

The regulated crypto wallet resides with SFox.com [https://www.sfox.com/digital-asset-custody/], a custodian firm resident in the US which is fully regulated and insured.

SFOX is a cryptocurrency prime dealer that provides professional traders and institutional investors higher returns when trading large volumes, through smart routing and a global integrated order book.

Where is SFOX's headquarters? SFOX is located in Los Angeles,California, United States.Who invested in SFOX? SFOX has 14 investors including Social Capital and Digital Currency Group.

$200MM of Insurance of Physical destruction of Cryptocurrency Keys, Provided by Various Syndicates at Lloyds of London, led bu Arch Syndicate 2012.

When was the last funding round for SFOX? SFOX closed its last funding round on Aug 16, 2018 from a Series A round.Who are SFOX's competitors? Alternatives and possible competitors to SFOX may include Bitwise, Bitpanda, and Kraken.

sFOX, Inc. (NMLS ID 2225746) is a licensed Money Services Business registered with FinCEN in the United States, MSB Registration Number 31000211271273. SAFE Trust Co., an affiliate of sFOX, is a Wyoming trust regulated by the Wyoming Division of Banking

Does the Borrower (Falcon) have access to the Wallet?

NO! Once the $4,000,000 in Tether (USDT) is deposited into the Crypto Wallet the borrower has no access or control over the Tether and is managed By SFox SAFE as independent Trustees in accordance with the Trust Agreement.

Can the Borrower (Falcon) cancel the Wallet and recall the Tether (USDT)?

No! Once deposited into the SFox Wallet, the Borrower has no rights or claim over the Tether (USDT) and has 'given away' ownership of the Tether (USDT) to the Trustees to manage in accordance with the Trust Agreement.

What happens if my $2,000,000 isn't used by the Borrower (Falcon)?

Whether the $2,000,000 is used or not the $4,000,000 is still payable in 30 banking days or SFox encashed, Transfer or exchange the Tether (USDT) and pay the $4,000,000 directly to the Lender (you).

Can the Borrower (Falcon) prevent SFox selling, transferring or exchanging the Tether (USDT)?

No! The SFox SAFE Trustees will exercise the Trust Agreement for the benefit of the Lender (you) and either, Sell, Transfer or Exchange the Tether (USDT) for the benefit of the Lender (you).

What happens when the $4,000,000 is repaid from the Borrower (Falcon) before 30 the Banking days

The Tether (USDT) will be transferred back to the Borrower (Falcon) and the Crypto Wallet will be closed.

How stable is Tether (USDT) and how liquid is the Stablecoin?

USDT is the symbol for Tether, a cryptocurrency that is pegged to the U.S. dollar. This means USDT is a stablecoin, fluctuating in value with the U.S. dollar and backed by Tether's dollar reserves. USDT is issued by Tether, a company owned by iFinex, the Hong Kong-registered company that also owns the crypto exchange BitFinex.

As of March 2024, USDT was the third-largest cryptocurrency after Bitcoin (BTC) and Ethereum (ETH) and the largest stablecoin, with a market capitalization of nearly $99 billion. In 2023 and early 2024, Tether's USDT accounted for most of the exchanges out of other cryptocurrencies by volume.