Risk Disclosure Statement

Before deciding to trade virtual assets, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment. Therefore, you should not invest money that you cannot afford to lose.

Virtual assets are not legal tender, are not backed by any government, and accounts and value balances are not subject to consumer protection guarantees. The regulatory status of virtual assets remains uncertain in many jurisdictions.

Virtual asset markets are highly volatile. Prices can fluctuate significantly in very short periods, sometimes within minutes or hours. Such volatility may result in:

• Rapid and substantial losses in the value of your holdings
• Inability to execute trades at desired prices
• Significant gaps between expected and actual execution prices (slippage)
• Forced liquidation of positions in leveraged trading

Past performance is not indicative of future results. The historical volatility of virtual assets has been extreme, with price swings of 10-20% or more in a single day being common.

Virtual asset markets may experience periods of reduced liquidity, which means:

• You may not be able to sell your assets quickly at a fair price
• Large orders may significantly impact market prices
• Withdrawal of fiat currency may be delayed during periods of high demand
• Certain trading pairs may have limited market depth

The regulatory landscape for virtual assets is evolving and uncertain:

• Governments may restrict or prohibit virtual asset trading in your jurisdiction
• Tax treatment of virtual assets may change, potentially increasing your tax liability
• Regulatory actions may significantly impact the value or availability of certain assets
• You are responsible for complying with all applicable laws and regulations in your jurisdiction
• Future regulations may require additional compliance measures or restrict certain activities

Virtual assets and their underlying technologies carry inherent risks:

• Cyber Attacks: Exchanges and wallets may be targeted by hackers, potentially resulting in loss of funds
• Smart Contract Vulnerabilities: Bugs or exploits in smart contracts may result in loss of assets
• Private Key Loss: If you lose access to your private keys or credentials, your assets may be permanently inaccessible
• Network Failures: Blockchain networks may experience congestion, forks, or failures that affect transactions
• Platform Outages: Technical issues may prevent you from executing trades at critical moments

When you trade on our platform or hold assets with us, you are exposed to counterparty risks:

• The financial stability and continued operation of our platform
• The reliability of our third-party service providers, including custodians and banks
• The creditworthiness of counterparties in any transactions

While we implement segregation of assets and use reputable custodians, no system can guarantee complete protection against all risks.

Virtual asset markets may be subject to manipulation:

• "Pump and dump" schemes where prices are artificially inflated then crashed
• "Wash trading" that creates false impressions of market activity
• Coordinated trading by large holders ("whales") to move prices
• Spread of false information to influence market sentiment

These activities may cause you to trade based on false signals and result in losses.

Bumba provides execution-only services. We do not provide investment, tax, or legal advice. Any information provided on our platform is for informational purposes only and should not be construed as:

• A recommendation to buy, sell, or hold any virtual asset
• Financial, investment, tax, or legal advice
• An offer or solicitation to purchase any security or financial instrument

You should consult with qualified professionals before making any investment decisions.

Different virtual assets carry different risks. Consider the following:

• New or Unproven Assets: Newer cryptocurrencies may have limited track records and higher failure rates
• Stablecoins: May not maintain their peg to underlying assets and could de-peg during market stress
• DeFi Tokens: May be subject to smart contract risks and impermanent loss
• Meme Coins: Often highly speculative with extreme volatility and no fundamental value

You should research each asset thoroughly before trading.

By using our services, you acknowledge that:

• You have read, understood, and accept the risks described in this disclosure
• You have sufficient knowledge and experience to evaluate the risks of virtual asset trading
• You are able to bear the financial risk of losing your entire investment
• You have not relied on any advice or recommendation from Bumba in making trading decisions
• You will seek independent professional advice if you are unsure about any aspect of trading