Legal
Risk Disclosure
Cryptoassets can and do go to zero. Copy trading copies losses as faithfully and as fast as it copies wins. Every number this product shows you today is a simulation of other people’s past trades — not a promise, not a forecast, not advice. Never risk money you cannot afford to lose entirely.
01Volatility
Cryptoasset prices routinely move double-digit percentages in minutes, and thinly traded tokens can become worthless or untradeable without warning. Assets designed to be stable can lose their peg. Leverage — explicit or embedded in a token’s structure — multiplies all of it. You can lose everything you put in, and in some structures more than you put in.
02Copy trading amplifies risk
- Copying replicates a leader’s losses as automatically as their gains, and at machine speed — a copy rule does not get scared, hesitate, or double-check.
- You trade after the leader, systematically, so you tend to buy at worse prices than they did; in thin markets the copy flow itself moves the price, and followers can become the exit liquidity for an earlier buyer.
- A leader can be wrong, lucky, or dishonest. Reported performance can reflect survivorship, self-dealing across wallets, or wash activity that indexing cannot fully detect.
- A leader’s behaviour can change at any time without notice — size, style, frequency, or stop trading entirely.
- Copying several leaders at once multiplies correlated exposure; it is not diversification.
03Simulated results are not real results
In the Service’s current mode every fill is simulated: the simulation assumes liquidity at observed prices and cannot fully model slippage, market impact, MEV, priority fees, failed or reverted transactions, or latency. Real fills would differ — usually for the worse, sometimes dramatically. A profitable simulated history does not predict a profitable live one, and a simulation that looks easy to follow may be impossible to execute at size.
04Backtests and replays are not forecasts
Replay packs, historical windows, and backtest-style figures are reconstructions over one past period. Markets change regime; relationships that held historically break without notice. Even honest reconstructions are exposed to overfitting, survivorship, and look-ahead effects that flatter historical numbers. Treat every historical figure as a description of the past, nothing more.
05Past trader performance
A trader’s history — profit and loss, win rate, streaks, drawdowns — describes what happened to them, not what will happen to you. Top-ranked traders routinely revert to the mean. Any label or score the product computes, including any “vetted” badge, is a data pipeline output: it is not a recommendation, an endorsement, or a guarantee of a trader’s honesty, competence, or future results.
06Smart-contract and venue risk
Tokens, automated market makers, bonding curves, routers, and bridges are software: they can contain bugs, be governed by admin keys, embed honeypot or transfer-blocking mechanics, or be exploited. Liquidity can be withdrawn at any moment — the “rug” is a routine event in this market. Trading through any venue or aggregator exposes you to its failure as well as your own decisions.
07Network and operational risk
Blockchains congest, fork, reorganise, and go down; RPC providers and indexers fail. Transactions can be delayed, dropped, reordered, or front-run. During those windows the prices and balances the Service displays may be stale, and any simulated valuation built on them can be wrong.
08Regulatory and tax risk
The legal treatment of cryptoassets varies by jurisdiction and is changing: tokens may be deemed securities or other regulated instruments, access to products like this one may be restricted where you live, and your activity may create tax obligations that are yours to determine and report. Regulatory action can affect the value or tradability of any asset without warning.
09No deposit protection
Cryptoassets are not bank deposits and are not covered by deposit insurance, investor compensation schemes, or any guarantee fund. In live trading, losses would not be recoverable from anyone.
10Nothing here is advice
Nothing on the Service — data, scores, labels, simulated results, or this page — is investment, legal, accounting, or tax advice, and no fiduciary or advisory relationship is created by your use of the Service. Do your own research and, where it matters, consult a licensed professional in your jurisdiction.
11Today, all of this is a simulation
The Service in its current mode moves no real money: no real orders are placed, no user funds are held, and no real loss is possible through the product itself. If live trading launches, every risk on this page stops being hypothetical at once, additional disclosures will apply, and live features will require a fresh acceptance of the Terms of Service. Until then, treat the simulation as a way to learn — including learning how it feels when the number goes down.