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Yep you're definitely correct and I highlight that they're not a bank! But there's plenty of control measures in place which I also talked through in the video.
@@raymondla it says on their website the funds are in a HSBC account separate from company funds, and therefore if the company is liquidated our funds wont be. Is that correct?
Thanks for the heads up but the combination of them being unknown and the level of interest they pay out of pocket sounds ponzi. Not to mention there are regional banks the USA that are folding at the moment and the bitcoin ETFs and what not
doesn't matter where they're listed and what not. If they go bust, people with deposits (unsecured creditors) will be the last in line for their money.
it says on their website the funds are in a HSBC account separate from company funds, and therefore if the company is liquidated our funds wont be. Is that correct?
