An update regarding SVB

Simon Yu
Simon YuMar 13, 2023
An update regarding SVB

Singapore -- StormX, the leading blockchain-based rewards platform, would like to reassure its customers and stakeholders that the recent failure of Silicon Valley Bank has not impacted the company's operations or finances in any way. StormX continues to operate as normal and fulfill its mission of revolutionizing the rewards industry through the power of blockchain technology.

While we sympathize with those affected by the failure of Silicon Valley Bank, StormX would like to assure its users and partners that their funds and data are safe and secure. StormX utilizes a range of banking and security measures to safeguard customer assets and information, including multi-signature wallets, two-factor authentication, and regular security audits.

"StormX has always taken a conservative approach to managing our finances and operations, and that includes working with trusted banking partners who prioritize security and stability," said Simon Yu, co-founder of StormX. "We have a diversified banking strategy in place, and our funds are spread across multiple reputable financial institutions. We are confident in our ability to continue providing our users with the best possible rewards platform experience, regardless of any external challenges that may arise."

StormX is committed to maintaining open lines of communication with its customers and stakeholders, and will provide regular updates as necessary. In the meantime, we encourage anyone with questions or concerns to contact our customer support team.

About StormX:

StormX is the leading blockchain-based rewards platform that enables users to earn cryptocurrency by shopping online or completing micro-tasks. With over 2 million users worldwide, StormX is changing the rewards industry by offering a more inclusive and accessible way to earn and use cryptocurrency. For more information, please visit