Vixton (3840) · RiskMitigated
Theft or damage to customer assets in cryptocurrency custody
First written in FY2019. 1 of 2 entries say "Mitigated", first in FY2020-Q3. Latest entry: FY2020-Q3.
2entries
2years
0from disclosures
How it moved
Same theme, other companies
Risk of Customer Cryptocurrency Assets Being Diverted and Custody Management RiskA theme 8 companies write about · 9 as a headwind · 0 as a tailwind
3 other companies' latest entry also says "Mitigated".
Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
- FY2020-Q3MitigatedAnnual report
「In connection with this withdrawal, the license for the custody business, for which rights had been acquired from Bastion Pay, will also be terminated before its expiration.」
Termination of the custody business license before expiration reduced the ongoing exposure to theft or damage to customer assets in the continuing business. - FY2019First statedAnnual report
「However, because the physical wallets must be stored by the company itself, there are risks such as theft and damage. In the event of theft or damage, the company’s performance could be affected by claims for damages, a decline in credibility and other factors.」
While managing private keys using cold wallets, the company newly states that theft or damage to the physical wallets could cause losses to customer assets.