Legal

Risk Disclosure

Last updated: 26 August 2026

1. Overview

This Risk Disclosure explains the key risks of using Veyrnox and of holding digital assets in a self-custody wallet. It is not financial advice. You should not use Veyrnox unless you understand and accept these risks.

Self-custody means you alone control your keys. That gives you sovereignty over your assets, but it also means that no one — including Veyrnox — can recover them for you if you lose access.

2. Digital-asset volatility

Digital assets are highly volatile. The value of what you hold can rise or fall drastically in a short period and, in some cases, fall to zero. Digital assets held in Veyrnox are not insured by any government deposit-insurance scheme, and Veyrnox does not guarantee the value of any asset.

Never invest more than you can afford to lose.

3. Seedless recovery limitations

Veyrnox removes the seed phrase from the user interface. On Safety Plus, recovery is backed by Shamir Secret Sharing — your secret is split into shards stored across your device and cloud locations, and a threshold of shards is needed to reconstruct access.

This model is robust against phishing, but it is not a guarantee against total loss:

• If you lose enough shards that the threshold cannot be reached, access cannot be reconstructed.
• If you lose your 8-digit PIN and the biometrics bound to your device, recovery depends entirely on your surviving backup shards.
• Veyrnox has no backdoor and cannot reconstruct your keys. We cannot reset your PIN, restore your shards, or recover your funds.

4. Hardware-bound key loss

Your private keys are generated inside the hardware secure element of your device (Secure Enclave on iOS, StrongBox on supported Android). The raw key material never leaves that hardware.

If your device is lost, stolen, destroyed, or permanently inaccessible, and your backup shards are insufficient to reach the recovery threshold, your keys cannot be reconstructed and your funds are permanently unrecoverable. There is no central authority — including Veyrnox — that can override this design.

5. Transactions are irreversible

Blockchain transactions are irreversible. Once a transaction is signed and broadcast, it cannot be cancelled, reversed, or refunded — not by Veyrnox, not by the network.

If you send assets to the wrong address, to a scammer, or in the wrong amount, those assets are gone. Veyrnox cannot reverse, freeze, or recover them. Always verify the recipient address before signing.

6. Phishing and social engineering

You are the last line of defence against social engineering. Never share your 8-digit PIN, never approve a transaction or signature you did not initiate, and always verify the dApp or DEX you are connecting to.

Veyrnox includes phishing-site detection, transaction simulation, and (on Safety Plus) a duress PIN — but no security feature can eliminate all risk. A sufficiently sophisticated attack, or an error on your part, can still result in loss.

7. Third-party protocols

Veyrnox may connect you to third-party protocols — decentralised exchanges, lending markets, bridges, staking pools. These are smart contracts operated by others. They may contain bugs, be exploited, or fail. Any loss caused by a third-party protocol is outside Veyrnox's control and is not recoverable through Veyrnox.

8. Contact

For questions about this Risk Disclosure, contact us at legal@veyrnox.com or via our contact page.