IMPORTANT NOTICE

StormX, Inc., has filed a voluntary petition for bankruptcy protection under chapter 7 of the Bankruptcy Code. This matter is before Judge Brendan L. Shannon and has been assigned case number, 25-10730(BLS). This notice has important information about the case for creditors, debtors, and trustees, including relevant deadlines.

To protect your rights, consult an attorney. All documents filed in the case may be inspected at the bankruptcy clerk's office at the address listed below or through PACER (Public Access to Court Electronic Records at https://pacer.uscourts.gov). Additionally, documents in this case may be filed with the Court at the following address: 824 Market Street, 3rd Floor Wilmington, Delaware 19801. Please note the staff of the bankruptcy clerk's office cannot give legal advice.

If you are a creditor and believe you have a claim against StormX, Inc., you must file a proof of claim detailing the amount and basis of your claim. This case does not have a claims agent so any proof of claim must be filed through the Court's website. The following link contains general information on the proof of claim process (https://www.deb.uscourts.gov/claims-information) and this link will be used to file a proof of claim (https://ecf.deb.uscourts.gov/cgi-bin/autoFilingClaims.pl).

Adjusting Withdrawal Limits Due to Increased Gas Fees

Daniel Ball
Daniel BallApr 30, 2024
Adjusting Withdrawal Limits Due to Increased Gas Fees

We are adjusting withdrawal limits for all supported cryptocurrencies within the StormX app.

Due to an increase in gas fees we are adjusting the minimum withdrawal threshold for your reward withdrawals. This change allows you to continue using the platform as normal and withdrawing without having to pay any gas fees.

Details on the New Withdrawal Limits:

Starting immediately, the minimum amount required to make a withdrawal has been updated. Users will now need to reach a higher threshold before withdrawing their earned crypto (across the StormX reward platform; Crypto Cashback, Membership Rewards, and Staking Bonus).

For example, where the previous limit was $25, it will now be $50.

$50 for Cryptocurrencies (Bitcoin $BTC, Ethereum $ETH, Litecoin $LTC, DAI $DAI, Dogecoin $DOGE)

$10 for StormX $STMX & Athens $ATH

What This Means for You:

This adjustment ensures the long-term viability of our rewards program and allows us to keep offering free withdrawals, so users avoid paying gas fees.

By accumulating more crypto before withdrawing, users can conduct fewer, larger transactions.

We're here to assist with any queries and we appreciate your understanding as we implement these adjustments.

Thank you for being a part of our community and for your continued support.