Falcon Finance has withdrawn all capital from centralized exchanges and is preparing to launch a new transparency page.

This entity has received confirmation from the auditor and is finalizing the structure of the transparency page to be announced next week, promoting trust and transparency in financial operations.

MAIN CONTENT

  • Falcon Finance has withdrawn all assets from centralized exchanges.

  • The entity has received a confirmation letter from an independent auditor.

  • The new transparency page is set to launch to enhance the disclosure of financial information.

How has Falcon Finance withdrawn funds from centralized exchanges?

According to Andrei Grachev, co-founder of DWF Labs and Falcon Finance, all of Falcon Finance's capital has been withdrawn from centralized exchanges to enhance safety and asset control. This has been conducted systematically, ensuring it does not affect overall financial operations.

Withdrawing funds from centralized exchanges is an important step for cryptocurrency organizations to minimize security risks and avoid negative impacts from exchange incidents.

What confirmation did Falcon Finance receive from the auditor?

Falcon Finance has collected a confirmation letter from an independent auditor, affirming the accuracy and transparency of the fund withdrawal and financial management. This contributes to strengthening reputation and trust from the community and investors.

The confirmation from the auditor is not only evidence of transparency but also demonstrates Falcon Finance's commitment to high standards of governance and financial transparency.

Andrei Grachev, co-founder of Falcon Finance, 22/7/2024

What standout features will the new transparency page of Falcon Finance have?

The new transparency page designed by Falcon Finance will provide detailed information about financial activities, cash flows, and data related to asset management processes. Expected to launch this week, the page will help managers and investors gain a clearer, more transparent view of the financial situation.

This is an important step to instill confidence in stakeholders while enhancing internal monitoring processes and improving user experience.

How does Falcon Finance compare to similar entities in terms of financial transparency?

Criteria Falcon Finance Entity A Entity B Withdrawn from centralized exchanges All assets withdrawn Partial capital withdrawn Still holding most assets on the exchange Auditor confirmation Has official confirmation letter No public report Undergoing audit Transparency page to be launched with complete data Basic information page No separate transparency page

Frequently Asked Questions

Which exchange has Falcon Finance withdrawn funds from?

Falcon Finance has withdrawn all assets from the centralized exchanges they used to ensure safety and tighter control.

What does the confirmation letter from the auditor signify?

The confirmation letter affirms the accuracy of financial activities, contributing to the reputation and transparency of Falcon Finance.

What information does the new transparency page provide?

This page will display detailed financial data, cash flows, and related reports, helping investors and partners to monitor more clearly.

Is withdrawing funds from centralized exchanges risky?

If done correctly, withdrawing funds helps reduce security risks and limits the potential impact of exchange incidents.

What are Falcon Finance's next plans after launching the transparency page?

They continue to improve the monitoring system and expand services to enhance transparency and trust in the cryptocurrency industry.

Source: https://tintucbitcoin.com/falcon-finance-rut-von-dwf-minh-bach/

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