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Addressing Recent Misinformation and Reinforcing CrossFi’s Commitment to Compliance

20 Feb 2025
4 min read
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Official Statement: Addressing Recent Misinformation and Reinforcing CrossFi’s Commitment to Compliance

Dear CrossFi Community and Partners,

Recently, certain reports have surfaced containing inaccuracies about CrossFi’s operations and affiliations, particularly within the Vietnamese market. We wish to address these misconceptions directly and reaffirm our unwavering commitment to transparency, regulatory compliance, and the security of our users.

Clarification on Alleged Misrepresentations

It has come to our attention that some articles have suggested that CrossFi has engaged in unauthorized promotional activities and misused images of influential individuals to solicit investments. We categorically deny these allegations. CrossFi has not utilized the likeness of any individual without explicit consent. Any such activities are conducted by unauthorized third parties who are misrepresenting our brand.

Commitment to Regulatory Compliance

CrossFi operates under strict adherence to international regulatory standards. We are a fully licensed entity regulated under EU jurisdiction, ensuring that all our operations meet the highest legal and ethical benchmarks. Our recent successful completion of an Anti-Money Laundering (AML) audit by the globally recognized firm CityLinkers underscores our dedication to financial transparency and compliance. This comprehensive assessment confirmed that our AML policies align with international requirements, providing a secure environment for our users and partners.

Ensuring User Security and Trust

The security of our community is paramount. CrossFi employs advanced security measures, including robust encryption protocols and regular external security audits, to protect user data and assets. We strictly adhere to the Payment Card Industry Data Security Standard (PCI DSS), ensuring the confidentiality and integrity of all cardholder information.

Addressing Unauthorized Activities

We are aware that certain unlicensed entities have falsely associated themselves with CrossFi to mislead investors. We are actively collaborating with local authorities and industry associations to identify and take action against these fraudulent actors. We urge our community to verify information through our official channels and report any suspicious activities directly to us.

Our Ongoing Commitment

CrossFi remains steadfast in our mission to provide innovative, secure, and compliant financial solutions. We value the trust our community places in us and are dedicated to maintaining the highest standards of integrity in all our operations.

For any inquiries or to report suspicious activities, please contact our support team at [email protected].

Thank you for your continued support.

Sincerely,

Alexander Mamasidikov

CEO, CrossFi

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