To Our Trusted Clients:
The iTrustCapital software platform has no direct exposure to crypto exchange FTX, its native token FTT, or Alameda Research. FTX is not used as a service provider for iTrustCapital and the FTT coin is not an investable asset on the iTrustCapital platform.
As many have already stated, this situation appears to have been the result of business decisions and leadership within FTX, not a direct result of cryptocurrency or blockchain failings.
Rest assured, iTrustCapital does not use client assets in business operations or other business practices, nor do we leverage any client or company assets. We don’t allow our partners to do so either. Our goal is always to help our clients and we remain committed to that goal.
iTrustCapital serves as a software platform, allowing clients to pursue a path toward self-directed IRAs that contain alternative investments. We strive to maintain our platform’s integrity and our clients’ trust.
Our Interim CEO, Kevin Maloney, made this statement today to clarify the situation to our clients:
“While the unfortunate current events surrounding FTT and FTX have dominated this week’s crypto headlines and affected the broader crypto markets, iTrustCapital does not offer FTT on its platform, nor do we have direct material exposure to FTT or FTX. It’s important to reiterate that iTrustCapital does not engage in potentially harmful or high-risk lending practices. Beyond crypto staking, we do not lend, borrow, or leverage the funds of our clients or our business, nor do our partners. iTrustCapital remains committed to our clients and the integrity of our crypto IRA platform. With an emphasis on safety, security and peace of mind, our three key principles - regulatory compliance, transparency, and client-first business approach - have and will continue to guide the company in both good and challenging markets.”
This article is for information purposes only. It does not constitute investment advice in any way. It does not constitute an offer to sell or a solicitation of an offer to buy or sell any cryptocurrency or security or to participate in any investment strategy.
iTrustCapital is a cryptocurrency IRA software platform. It is not an exchange, funding portal, custodian, trust company, licensed broker, dealer, broker-dealer, investment advisor, investment manager, or adviser in the United States or elsewhere. iTrustCapital is not affiliated with and does not endorse any particular cryptocurrency, precious metal, or investment strategy.
Cryptocurrencies are a speculative investment with risk of loss. Precious metals are a speculative investment with risk of loss. Cryptocurrency is not legal tender backed by the United States government, nor is it subject to Federal Deposit Insurance Corporation (“FDIC”) insurance or protections. Clients do not receive a choice of custody partner. The self-directed purchase and sale of cryptocurrency through a cryptocurrency IRA have not been endorsed by the IRS or any regulatory agency. Historical performance is no guarantee of future results.
Some taxes and conditions may apply depending on the type of IRA account. Investors assume the risk of all purchase and sale decisions. iTrustCapital makes no guarantee or representation regarding investors’ ability to profit from any transaction or the tax implications of any transaction. iTrustCapital does not provide legal, investment or tax advice. Consult a qualified legal, investment, or tax professional.
iTrustCapital makes no representation or warranty as to the accuracy or completeness of this information and shall not have any liability for any representations (expressed or implied) or omissions from the information contained herein. iTrustCapital disclaims any and all liability to any party for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising directly or indirectly from any use of this information, which is provided as is, without warranties.
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