⚠️Disclaimers

This is an extract of our Terms and Conditions. Please refer to this document for more information.

This section is an extract of our Terms and Conditions, fully accessible on the link bellow. It reminds you all the risks with crypto investments that you need to be aware of.

Terms and conditions

Our Website Terms and Conditions

Risks associated with the blockchain and third party service providers The digital assets linked to the Services are based on a Blockchain. Therefore, any malfunction, unplanned function or unexpected operation of the said Blockchain may cause the Application or Services to malfunction or operate in a way that is not expected. Likewise, the autonomous algorithms is developed using a third party service provider. Therefore, any malfunction, unplanned function or unexpected operation of this third party may cause the Application or Services to malfunction or operate in a way that is not expected. In addition, as of today, the vaults are developed thanks to a third party. Therefore, any malfunction, unplanned function or unexpected operation of the said third party may cause the Application or Services to malfunction or operate in a way that is not expected. Risks associated with the User’s Wallet cryptographic private key Any third party that obtains access to the User’s private keys may be able to use the User’s digital assets. To minimize this risk, Users must protect themselves against people gaining unauthorised access to their electronic devices. Legal risk and risk of adverse regulatory intervention in one or more jurisdictions The operation of the Services may be impacted by the passing of restrictive laws, the publication of restrictive or negative opinions, the issuing of injunctions by national regulators, the initiation of regulatory actions or investigations, including but not limited to restrictions on the use or ownership of digital assets which may prevent or limit the development of the Services. Given the lack of digital assets qualifications in most countries, each User is strongly advised to carry out a legal and tax analysis concerning the use of the Services according to the laws applicable to their nationality and place of residence. Risk of theft and piracy ‍ Hackers or other malicious or criminal groups or organizations may attempt to interfere with the Application or the availability of the Services in several ways including, but not limited to, denial of service attacks, Sybil attacks, mystification, surfing, malware attacks, or consensus-based attacks. Risk of security weaknesses in the Application’s core infrastructure software There is a risk of weaknesses or bugs into the core infrastructure elements of the Application, thereby interfering with the use of the Services. Risk of weakness or exploitable breakthrough in the field of cryptography Advances in cryptography, or technical advances such as the development of quantum computers, may present risks for digital assets and the Application. Liquidity Risk The exchange of a digital asset for any type of digital asset is not always guaranteed. Risk of an uninsured loss Unlike bank accounts or accounts in other regulated financial institutions, digital held through Lobster or Blockchain network are generally uninsured. At present, there are no public or private insurance agents providing Users with coverage against a loss of digital assets linked to the Services or a loss of value. Risk of winding-up of Lobster’s project For a number of reasons including, but not limited to, an unfavourable fluctuation in digital asset market value, the failure of business relationships or competing intellectual property claims, Lobster’s project may no longer be a viable activity and may be dissolved. Risk of malfunction on the Application and Services The Application and Services may be impacted by an adverse malfunction including, but not limited to, a malfunction that results in the loss of digital assets linked to the Services or market information. Unforeseen risks Digital assets are a new and untested technology. In addition to the risks stipulated above, there are other risks that Lobster’s team cannot predict. Risks may also arise out of and/or occur as unanticipated combinations or as changes in the risks stipulated herein. If You are in any doubt as to the action You should take and the consequences it will involve, please consider consulting Your legal, financial, tax or other professional advisor(s) for necessary advice.