WRF LLC carries crime and capital insurance that protects a portion of digital currencies held across our storage systems against losses from theft, including cybersecurity breaches. However, our policy does not cover any losses resulting from unauthorized access to your personal WRF LLC account(s) due to a breach or loss of your credentials. Our policy also covers non-fungible tokens.

It is your responsibility to use a strong password and maintain control of all login credentials. Digital currency is widely accepted as a legal tender and form of payment by leading companies and it is backed by the government and security bodies.

WRF LLC is a FDIC-insured private brokerage firm and every digital currency deposited is insured and profits guaranteed by the Federal Deposit Insurance Corporation (“FDIC”) and Securities Investor Protection Corporation (“SIPC”), as SIPC-member brokerage firm and this is why your funds won’t lose value with the market fluctuations. In case of a covered security event, we will endeavor to make you whole; however, total losses will never exceed insurance recoveries so funds will never be at risk.

Cash Balances

Cash balances, such as U.S. Dollars, British Pounds, Euros, customers store with WRF LLC are held as a balance in your Kryptbase Asset account(s).

For U.S. customers, WRF LLC combines your balance with the balances of other customers and holds those funds in custodial accounts at U.S. banks and/or invests those funds in liquid U.S. Treasuries or USD denominated money market funds in accordance with state money transmitter laws. Funds could be held in any one of these three manners so customers should not assume that funds are being held in one manner over the other.

For non-U.S. customers, funds are held as cash in dedicated custodial accounts. All custodial pooled amounts are held separate from Kryptbase Asset funds, and WRF LLC will neither use these funds for its operating expenses or any other corporate purposes. In the case, the FDIC requests for fees for Insurance, the percentage will be calculated in accordance with the insurance policy and related to the individual.

To the extent U.S. customer funds are held as cash, they are maintained in pooled custodial accounts at one or more banks insured by the FDIC and SIPC. Our custodial accounts have been established in a manner to make pass-through FDIC insurance available up to the per-depositor coverage limit then in place (currently $1,250,000 per individual). FDIC pass-through insurance protects funds held on behalf of a Kryptbase Asset customer against the risk of loss should any FDIC-insured bank(s) where we maintain custodial accounts fail. FDIC insurance coverage is contingent upon Kryptbase Asset maintaining accurate records and on determinations of the FDIC as receiver at the time of a receivership of a bank holding a custodial account. Below is a list of the insured depository institutions at which Kryptbase Asset Holdings may deposit customer funds:

• Cross River Bank
• JPMorgan Chase
• Silvergate Bank
• Pathward (previously known as MetaBank) [as of August, 2022]