Policy · all FunFiLabs projects, tokens and supported assets
Transparent verification procedures for FunFiLabs projects, tokens and supported digital assets.
FunFiLabs applies risk-based compliance procedures to help verify the origin of digital assets and reduce exposure to fraud, stolen funds, money laundering, sanctions violations, terrorist financing and other unlawful activity.
When additional verification may apply
Digital assets acquired through recognized exchanges generally have a clearer transaction trail. Assets obtained outside an exchange, or outside standard FunFiLabs distribution channels, may require enhanced verification — because their source and transaction history may require further confirmation.
Assets received from a recognized exchange usually carry a documented deposit and withdrawal record. That normally allows verification to be completed under the standard review process.
These transfers are ordinary and widely used. They may simply carry less supporting information, so FunFiLabs may ask for additional confirmation of where the assets came from. Examples include:
Why FunFiLabs performs AML checks
Blockchain assets move freely between wallets. Over their history, assets may potentially pass through wallets associated with:
Verification helps protect clients, counterparties and the integrity of every FunFiLabs project and supported asset.
What a review may look at
Risk-based · case dependent
Refundable security deposit
In certain enhanced verification or redemption cases, FunFiLabs may request a temporary refundable security deposit. A temporary security deposit may only be associated with a specific verification, compliance or asset redemption case — never with a wallet in general.
Before a deposit is paid, the client must be provided with:
The deposit is returned after successful completion of the applicable verification, according to the terms provided for the specific case.
Where applicable, the refund is made in the same digital asset and is normally returned to the originating wallet. The deposit is separate from the client's underlying asset balance or redemption amount.
If a request is described in any of those terms, it does not reflect this policy. Stop and confirm the request through an official FunFiLabs channel before sending anything.
Clarification
FunFiLabs never requires payment merely to unlock, activate, restore, connect, or prove ownership of a cryptocurrency wallet. A refundable security deposit is different.
No payment of any kind is required simply to make a wallet usable. FunFiLabs will never ask for a payment to:
A refundable security deposit may only be requested as part of a specific enhanced AML/compliance or asset-redemption case where additional source-of-assets verification is required.
Before requesting a deposit, FunFiLabs must disclose in writing
Every item · in writing · before payment
No further payment requirements
Once the refundable security deposit specified for a case has been paid, no additional mandatory fee, tax, security deposit, release payment, activation payment or similar financial requirement will be requested in order to complete that same redemption, unless such requirement was explicitly disclosed in writing before the initial deposit.
Optional services, including Fast Pass priority review, are never required to complete a standard compliance review or redemption.
Refund policy
When a case specifies a fully refundable security deposit, the full amount is returned on successful completion of verification — in the same asset, to the same wallet.
Returned on successful verification
0
Of the deposited amount is returned following successful completion of verification.
Refund processing
Up to 0 business days
After successful verification. The applicable maximum refund timeframe must be stated in the case documentation.
When a case specifies a fully refundable security deposit
Standard policy
Responsibility
Every asset sent to a verified FunFiLabs wallet in connection with a compliance, verification or redemption case is received by FunFiLabs itself — recorded against that case, held for the duration of the review, and accounted for to the client.
Statement of responsibility
FunFiLabs bears full responsibility for digital assets received into its official verified wallets in connection with a compliance, verification or redemption case — including any refundable security deposit — until those assets are returned or the case is completed according to the written terms issued for it.
This responsibility attaches to assets sent to an address published in the official FunFiLabs wallet registry, for a case FunFiLabs has issued in writing. It is the reason the registry exists — and the reason to check it before every transfer.
FunFiLabs cannot recover assets sent to an address it does not control. Verify the destination first — it takes seconds.
Official document
Records the legal and jurisdictional framework FunFiLabs maintains for its contractual, compliance, digital-asset, asset-verification and dispute-related activities, and identifies HJELM LAW as designated legal counsel. The statement is an information notice — it is not a governmental licence, regulatory registration or custodial guarantee.
PDF1 pageIssued 15.05.2024
Standard verification
Every case begins in the standard compliance queue. No payment is required to enter it.
Estimated maximum review time
Up to 0 business days
Many cases complete sooner. Timeframes are indicative, not guaranteed.
Complex cases may require additional information from the client. Where that happens, the review can take longer than the standard estimate, and FunFiLabs will state what is still needed.
Optional priority service
Fast Pass is an optional priority-processing service that places the case into an accelerated review queue. It changes the queue — never the checks.
Fast Pass
Priority Compliance Review
$450
The case is moved into an accelerated review queue and handled ahead of the standard queue. All required compliance checks are still performed in full.
Requesting Fast Pass opens a message to FunFiLabs support. No payment is initiated from this website.
What Fast Pass does not do
No exceptions to compliance
Verification process
The same seven stages apply to every FunFiLabs project and supported asset. Steps four and seven apply only where relevant to the case.
The case is opened and a case or invoice number is issued.
How and where the assets were acquired is reviewed.
Wallet history, counterparties, risk and sanctions screening.
If required — further information or a refundable deposit.
The outcome of the review is recorded for the case.
The underlying asset or redemption request is processed.
Any refundable deposit is returned, where applicable.
Official wallet verification
Before sending digital assets to FunFiLabs, independently verify the destination address through the official FunFiLabs wallet registry.
Warning
A wallet address received by direct message, chat or email must be confirmed through an official FunFiLabs channel before any transfer. Addresses are published only in the official wallet registry and on the verified channels linked in the footer.
Security notice
FunFiLabs also does not request payments simply to unlock, activate or restore a cryptocurrency wallet. Any such request should be treated as fraudulent, regardless of the name, branding or channel it appears under.
Payment transparency
Any legitimate payment or refundable-deposit request should clearly disclose every item below, in writing, before payment.
| Disclosure | What should be stated |
|---|---|
| Amount | The exact amount requested |
| Asset | The specific digital asset accepted |
| Network | The network the transfer must be sent on |
| Purpose | What the payment or deposit is for |
| Case / invoice number | The case or invoice the payment belongs to |
| Destination wallet | The verified FunFiLabs wallet address |
| Refundability | Whether the amount is refundable |
| Refund conditions | When and how a refundable amount is returned |
| Processing timeframe | The applicable expected timeframe |
Questions
Exchange transfers usually come with a documented deposit and withdrawal record, which makes the transaction trail easier to confirm. Assets received wallet-to-wallet, OTC or through an intermediary may carry less supporting information, so FunFiLabs may ask for additional confirmation of their source and history.
No. Off-exchange transfers are ordinary and widely used. Enhanced verification is not an allegation — it means the source and transaction history of the assets may require further confirmation before the case can be completed.
Depending on the case, a review may cover the source of assets, transaction history, wallet history, counterparties, blockchain risk indicators and applicable sanctions information. Checks are risk-based, so not every case requires the same depth of review.
It is a temporary amount that FunFiLabs may request in certain enhanced verification or redemption cases. It is tied to one specific verification, compliance or asset redemption case, it is disclosed in writing before payment, and it is returned after successful completion of the applicable verification according to the terms of that case.
No. A security deposit is never a wallet activation fee, an unlock fee, a payment to prove wallet ownership, or a payment to access a wallet. FunFiLabs does not request payments simply to unlock, activate or restore a cryptocurrency wallet. A request described in those terms does not reflect this policy.
After successful completion of the applicable verification, according to the refund conditions provided in writing for the specific case. Those conditions, including the expected timeframe, are disclosed before any payment is requested.
Where applicable, the refund is made in the same digital asset and is normally returned to the originating wallet — USDT is refunded in USDT, USDC in USDC. The deposit is separate from the client's underlying asset balance or redemption amount, and is not deducted from the redemption amount unless that was explicitly agreed in writing before payment.
No. Once the refundable security deposit specified for a case has been paid, no additional mandatory fee, tax, security deposit, release payment, activation payment or similar financial requirement will be requested in order to complete that same redemption, unless such requirement was explicitly disclosed in writing before the initial deposit.
No. Optional services, including Fast Pass priority review, are never required to complete a standard compliance review or redemption.
FunFiLabs is. Assets received into an official verified FunFiLabs wallet in connection with a compliance, verification or redemption case — including any refundable security deposit — are recorded against that case, kept separate from operating funds while held, and accounted for to the client until they are returned or the case is completed under its written terms. That responsibility applies to addresses published in the official wallet registry, which is why every destination address should be checked there before a transfer.
The estimated maximum review time for a standard compliance review is up to 5 business days. Many cases complete sooner. Complex cases may require additional information from the client, which can extend the review beyond the standard estimate.
Fast Pass is an optional priority-processing service. It places the case into an accelerated review queue with a target processing time of up to 2 hours. It is separate from any refundable security deposit.
Fast Pass costs $450. It is optional, and declining it has no negative effect on a case — the case simply remains in the standard queue.
No. Fast Pass affects the queue position and processing speed only. It does not guarantee approval and it does not guarantee redemption. The outcome depends entirely on the compliance review.
No. Fast Pass does not bypass AML checks or sanctions screening. All required compliance checks are still performed in full — they are simply performed sooner.
Check the address against the official FunFiLabs wallet registry at funfilabs.com/wallets, and confirm the full address rather than only the first and last characters. Never rely on an address received only through a private message without confirming it through an official FunFiLabs channel.
Never. FunFiLabs will never request your private key, seed or recovery phrase, wallet password, remote access to your computer or phone, or the installation of remote-control software. Any such request should be treated as fraudulent.
Important policy notice
Compliance requirements may vary depending on:
Any applicable deposit, fee or verification requirement must be disclosed to the client before payment. Specific written case terms may supplement this general policy.
This page is informational and does not constitute legal, tax or investment advice, and it is not an offer or solicitation.
Reach the compliance team on a verified channel before sending anything. These are our only official channels.
