20 November 2022

A Letter From Our CEO About Recent Market Events

In light of recent market events, our CEO Shah Ramezani has penned a letter to NOAH users.

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A Letter From Our CEO About Recent Market Events

    Dear Arkonauts,

    When we first started NOAH, we knew that if we wanted to bring Bitcoin to the next billion users worldwide, security had to be serious business, embedded in the very fabric of our company, and forged into the very foundation of our Ark.

    It’s disheartening when the effects of financial loss ripple through to crypto users. As such, I and everyone here at NOAH express our deepest sympathies to those impacted by the ongoing situation with FTX. Such events are obviously bad press that delay bitcoin adoption and our goal toward financial inclusion for all.

    That said, I want to make it abundantly clear that NOAH has no exposure to FTX, its token FTT, or trading firm Alameda Research. As a company, we are not exposed to any counterparty risk whatsoever.

    And with that, I’d like to highlight what NOAH’s about: NOAH is a Bitcoin-first global money app focused on putting your money in your hands. Not our company. Not a bank. Not a government. Just you.

    We believe that we must help Bitcoin forge a path past the narrow constraints of traditional intermediation and bring it to the next billion users worldwide. We believe that the best way to do that is with Bitcoin front and center, pairing state-of-the-art security with an intuitive user experience.

    At NOAH, no one entity will hold your money. No one entity can move your money. And no one entity can take your money from you.

    Today, the most important thing to know is that NOAH is in service of you — no one else — and that the path ahead is clear: you control your Bitcoin, what you do with it, and your financial destiny with NOAH.

    Sincerely,

    Shah Ramezani — Founder and CEO at NOAH.

    For more in-depth information, please read our technical blogs on NOAH’s security protocols.

    Please be aware that: Cryptocurrencies are unregulated in the UK; Cryptocurrencies are not protected under Financial Ombudsman Service or Financial Services Compensation Scheme (FSCS); Profits may be subject to capital gains tax; The value of investments can go down as well as up.

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