Risk Disclaimer
⚠️ IMPORTANT WARNING
The use of SOLcloser and cryptocurrencies involves significant risks. Please read this disclaimer carefully before using the Service.
1. No Financial Advice
SOLcloser does not provide financial, investment, legal, or tax advice.
All information provided on this site is for informational purposes only and does not constitute a recommendation to buy, sell, or hold any cryptocurrency.
You are solely responsible for your financial decisions. We strongly recommend consulting with professional advisors (financial, legal, tax) before making any investment decisions.
2. Cryptocurrency Risks
2.1 Extreme Volatility
Cryptocurrencies, including SOL (Solana), are subject to extreme price volatility. Their value can fluctuate dramatically in very short periods, potentially resulting in significant financial losses.
2.2 Risk of Total Loss
You may lose your entire investment. Only invest amounts you can afford to lose completely.
2.3 No Guarantees or Insurance
Unlike traditional bank deposits, cryptocurrencies are not insured by any deposit insurance system or guaranteed by any governmental authority.
2.4 Market Risks
Cryptocurrency markets are relatively new, unregulated in many jurisdictions, and can be subject to manipulation, fraud, and other market abuses.
3. Technical and Blockchain Risks
3.1 Irreversibility of Transactions
Blockchain transactions are irreversible. Once confirmed, a transaction cannot be canceled, modified, or refunded. Always verify all transaction details carefully before confirming.
3.2 Loss of Private Keys
Loss of your private keys or recovery phrase results in permanent and irretrievable loss of your funds. SOLcloser never has access to your private keys and cannot recover lost funds.
You are solely responsible for securing and backing up your wallet credentials.
3.3 Smart Contract Vulnerabilities
Smart contracts may contain bugs, vulnerabilities, or security flaws that could result in the loss of funds. While we strive for security, no smart contract can be guaranteed to be 100% secure.
3.4 Network Risks
The Solana network may experience:
- Congestion leading to failed or delayed transactions
- Network outages or downtime
- Hard forks or protocol changes
- 51% attacks or other consensus failures
3.5 Hacking and Security Breaches
Wallets, exchanges, and blockchain services can be targets of hacking, phishing attacks, or other security breaches. Always use strong security practices.
4. Regulatory and Legal Risks
4.1 Regulatory Uncertainty
Cryptocurrency regulation is evolving and varies by jurisdiction. New laws or regulations may affect the legality, taxation, or usability of cryptocurrencies.
Future regulatory actions could:
- Prohibit or restrict cryptocurrency ownership or trading
- Impose additional taxes or reporting requirements
- Affect the value or utility of cryptocurrencies
- Impact the availability of services like SOLcloser
4.2 Tax Obligations
Cryptocurrency gains may be subject to taxation in your jurisdiction. You are responsible for understanding and complying with all applicable tax laws.
Failure to comply with tax obligations may result in penalties, fines, or legal action.
4.3 Legal Status Varies
The legal status of cryptocurrencies varies significantly across countries and may change without notice. Ensure that your use of SOLcloser complies with all applicable laws in your jurisdiction.
5. SOLcloser-Specific Risks
5.1 "As Is" Service
SOLcloser is provided "as is" without warranties of any kind. We do not guarantee that the Service will be error-free, bug-free, or uninterrupted.
5.2 Service Availability
The Service may be interrupted, suspended, or discontinued at any time, with or without notice.
5.3 Transaction Fees
In addition to SOLcloser's service fee (20%), Solana network fees apply to all transactions. These fees can vary based on network congestion and are not controlled by SOLcloser.
5.4 Third-Party Dependencies
SOLcloser relies on third-party services (RPC providers, hosting platforms, blockchain infrastructure). Issues with these services may affect SOLcloser's functionality.
6. Limitation of Liability
To the maximum extent permitted by law, SOLcloser and its operators shall not be liable for:
- Any financial losses incurred through use of the Service
- Transaction errors or failed transactions
- Loss of funds due to user error
- Loss of private keys or wallet access
- Solana network malfunctions or outages
- Third-party service failures
- Hacking, phishing, or security breaches
- Regulatory changes affecting cryptocurrency use
- Changes in cryptocurrency values
7. Security Best Practices
To minimize risks, we recommend:
- ✅ Securely backup your recovery phrase in multiple safe locations
- ✅ Never share your private keys or recovery phrase with anyone
- ✅ Verify all transaction details before signing
- ✅ Use hardware wallets for large amounts
- ✅ Enable two-factor authentication (2FA) when available
- ✅ Be vigilant against phishing attempts
- ✅ Only invest amounts you can afford to lose
- ✅ Keep your software and devices updated
- ✅ Educate yourself continuously about blockchain security
- ✅ Never access your wallet on public or unsecured networks
8. No Guarantees or Promises
SOLcloser makes no guarantees, promises, or representations regarding:
- The amount of SOL you will be able to reclaim
- The success rate of transactions
- Future value or price of SOL or any cryptocurrency
- Availability or continuity of the Service
- Compatibility with future blockchain upgrades
- Regulatory compliance in all jurisdictions
9. User Responsibility
You acknowledge and agree that:
- You are using SOLcloser at your own risk
- You are solely responsible for your decisions
- You have the technical knowledge to use blockchain applications
- You understand the risks involved in cryptocurrency transactions
- You will conduct your own research and due diligence
- You will comply with all applicable laws and regulations
- You accept full responsibility for wallet security
10. Acceptance of Risks
BY USING SOLCLOSER, YOU ACKNOWLEDGE THAT:
- You have read and understood this Risk Disclaimer
- You are aware of the inherent risks of cryptocurrencies and blockchain technology
- You accept full responsibility for all your decisions and actions
- You understand that SOLcloser provides no financial advice
- You are solely responsible for your wallet security
- You accept that blockchain transactions are irreversible
- You will comply with all applicable laws and regulations
- You understand and accept all the risks described in this document
11. Contact
For questions about this Risk Disclaimer:
Email: solcloser@gmail.com
GitHub: github.com/SolFinder-project/sol-closer
This Risk Disclaimer does not constitute legal, financial, or investment advice. Always consult with qualified professionals before making financial decisions.