Regulatory Compliance Notice (TSSB & BCSC)

BigWhale.io and its parent company, along with their affiliated business process outsourcing partners and outsourced staff, have been served an urgent Cease and Desist Order from the Texas State Securities Board (TSSB) (Order No. ENF-23-CDO-1876 Dated 4th October 2023) and an inquiry request from the British Columbia Securities Commission (BCSC). In accordance with the official notification issued by the Securities Commissioner of the State of Texas and the TSSB, BigWhale.io hereby acknowledges its immediate and complete compliance with the Cease and Desist order from the TSSB and its commitment to full cooperation with the BCSC.

Within two days of receiving the notice from the TSSB, dated 4th October, 2023, BigWhale.io announces the immediate cessation of all operations, effective immediately, and the discontinuation of services to customers in both the United States and Canada.

Furthermore, in light of the aforementioned regulatory orders, both BigWhale.io and its parent company are terminating all operations indefinitely, with no intentions of relaunching or resuming business activities at any future point.

It is important to note that BigWhale.io has always maintained that investors invest no more than 5% of their savings in our protocol, or any other protocol, and that crypto or DeFi investments, or any market investments in general carry at least some degree of market risks and had published this disclaimer on its website and in other forms of communication since the day of its inception, a perspective that aligns with the observations made by Joe Rotunda, Enforcement Director at the Texas State Securities Board. Once again, BigWhale.io and its parent company emphasizes a full compliance to the aforementioned regulatory orders, and we hereby agree to cease and desist all operations as a company permanently. Related Links: https://www.ssb.texas.gov/news-publications/commissioner-stops-crypto-fraud-purportedly-linked-russian-government-assets https://ssb.texas.gov/sites/default/files/2023-10/ENF_23_CDO_1876.pdf