Dear 8V users:
Due to the recent intense volatility in the cryptocurrency market, especially the market panic caused by the collapse of USDC, one of its banking partners, Silicon Valley Bank (SVB), SVB has been taken over by the Federal Deposit Insurance Corporation (FDIC), and Today (13th), the "First Republic Bank" was also accused of being on the verge of bankruptcy. Panic has spread across the financial world in recent days, causing bank stocks to plummet, with First Republic shares down nearly 34% this week.
Here, we solemnly announce that 8V does not have any risk of exposure to Silicon Valley Bank and First Republic Bank of the United States, and we will continue to pay attention to the dynamics of USDC in the market, take corresponding actions at any time and will set up as soon as possible The risk control mechanism gives users the greatest protection.
Please feel free to conduct any USDC transactions in 8V, including USDC wealth management products, USDC spot transactions, USDC / USDT currency transactions, etc.
8V will closely observe and follow up the latest situation with all users. Please pay attention to the 8V community and official announcements at any time.
thank you for your support!
8V platform continues to provide you with better products and better services!
March 13, 2023
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