DeeBit Escrow Agreement

1.These terms apply to all users utilizing DeeBit Escrow (the "Service") forsecured transactions and constitute a legally binding agreement between the user and the platform.

2.By using the Service, users are deemed to have read, understood, and fullyaccepted these terms and all related policies, including but not limited to Privacy Policy, AML Policy, and Trading Rules.

3.DeeBit is a licensed exchange holding SFC Type 1, 4, and 9 licenses in Hong Kong, as well as MSB and STO-related licenses in the U.S. and Europe. The platform reserves the right to update these terms in accordance with business needs and regulatory requirements, with revised terms taking effect immediately upon publication.

4.If any user does not agree with any part of these terms, they mustimmediately cease using the Service.

 

1.All user funds shall be held in a regulated and independently operatedDeeBit Escrow Pool, strictly segregated from DeeBit’s own funds, andgoverned by the Hong Kong Securities and Futures Ordinance and relevantregulatory frameworks.

2.Users agree that the platform shall not misappropriate, utilize, or invest the escrowed funds, but may deposit them in compliant banks or licensed institutions to earn interest, which shall belong to the platform.

3.Funds will be released upon transaction completion or dispute resolution. The platform reserves the right to suspend or delay fund release based on regulatory requirements or risk management needs.

4.Users have a priority claim to the escrowed funds under regulatory rules, but this does not affect the platform’s right to exercise a lien over the fundsfor service fees, penalties, or other charges.

 

1.Users must complete rigorous KYKYC (Know Your Customer) and due diligence procedures before using the Service. The platform may reject any user who fails such checks.

2.For transactions exceeding USD 50,000 equivalent, the platform may require additional information or enhanced due diligence (EDD).

3.The platform will conduct compliance reviews based on AML, CTF, and international sanctions lists. If suspicious activity is detected, the platform may immediately freeze funds, suspend transactions, and report to regulatory authorities without prior notice.

4.Users must ensure all provided information is true, accurate, and up-to-date. The platform may terminate accounts and pursue legal action in case of false, misleading, or omitted information.

 

1.The platform may charge a service fee for escrow services at rates published by the platform. The platform may adjust rates at any time without prior notice.

2.Service fees and related charges (including but not limited to banking fees, arbitration costs, etc.) shall be deducted first from the escrowed funds.

3.If users fail to pay fees within the specified period, the platform may suspend services or deduct outstanding amounts from other user assets.

 

1.The Service employs an intelligent risk control system to monitor abnormal transactions, but the platform does not guarantee complete prevention of offraud or unauthorized activities.

2.The platform only provides technical and compliance support and does not warrant any investment returns, value of transaction subjects, or third-party actions.

3.Users must independently assess transaction risks. The platform shall not be liable for losses caused by market fluctuations, system delays, cyberattacks, regulatory changes, or force majeure.

 

1.In case of disputes between transacting parties, the issue shall first beresolved through the platform’s internal arbitration mechanism. The platformwill make a final decision based on transaction records, communication logs, and other evidence. 2.Users agree that the platform has the sole discretion to determine theallocation of funds or freeze funds until the dispute is resolved.

3.The platform’s arbitration decision is final and binding on both parties. Users agree not to initiate any legal or administrative proceedings againstthe platform’s decision.

 

1.The platform shall not be liable for losses caused by force majeure,including but not limited to war, natural disasters, system failures, cyberattacks, or government actions.

2.The platform shall not be liable for any indirect, incidental, special, orconsequential damages (including loss of profits, goodwill, or data), even ifadvised of the possibility of such damages.

3.The platform’s maximum liability is limited to the service fee amount of therelevant transaction.

 

1.These terms are governed by and construed in accordance with the laws ofthe Hong Kong Special Administrative Region.

2.Any dispute arising out of or in connection with these terms shall besubmitted to the Hong Kong International Arbitration Centre (HKIAC) forarbitration in accordance with its rules. The place of arbitration shall be HongKong, and the language shall be English.

3.The arbitral award is final and legally binding on both parties. Users agreeto waive any right to pursue litigation in court.