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ANNOUNCEMENT

  30 Nov 2022

November 30, 2022 MyConstant Update

Dear MyConstant Users,

The first round of discussion has begun.

Our largest investors are invited to join the first round of discussions at https://www.myconstant.com/discussion-forum. The discussion will include a presentation of our financial situation, the substance of our proposed Plan, and consideration of other options (i.e., alternatives to the Plan).

The first round of discussions will be held for 7 days from 12/1/2022 - 12/7/2022 for the large investors to post their questions.

The discussion shall take place in the form of a Closed Discussion Forum, which is only available to whom received the invitation.

While our initial discussions are with the largest customers, please be assured our plan is to provide the same treatment for all customers (regardless of the size).

We will continue to update you as we move along the process to try and maximize our customers' recovery value.


Sincerely yours,

From MyConstant team
  25 Nov 2022

November 25, 2022 MyConstant Update

Dear MyConstant Users,

We would like to provide you the following updates since our last email on the Q&As.

We have scheduled a limited discussion forum for the largest customers on our proposed Plan to implement an orderly liquidation to maximize and expedite customer recoveries. This discussion will commence on November 30, 2022, and include a presentation of our financial situation, the substance of our proposed Plan and consideration of other options (i.e., alternatives to the Plan). The purpose of this discussion is to ensure that any final proposed Plan (and consideration of alternatives) reflects input from our largest customers whose interests are aligned with the rest of the customers. Our goal is to present to all customers a final proposed Plan or other courses of action that has sufficient support from the largest customers. We hope to conclude our discussions with the largest customers within the next three weeks; at which point we will report back to you on next steps.

While our initial discussions are with the largest customers, please be assured our plan is to provide the same treatment for all customers (regardless of the size).

We will continue to update you as we move along the process to try and maximize our customers’ recovery value.


Sincerely yours,

From MyConstant team
  17 Nov 2022

November 17, 2022 MyConstant Update

Dear MyConstant Users,

Given the collapses of several cryptocurrencies so far this year and the rapidly deteriorating market conditions that have been prompting heavy withdrawals across all crypto lending and crypto exchange platforms recently, we are sad to inform you that we are unable to continue to operate our business as usual. As such, we are limiting our business activities, including pausing user withdrawals as allowed under our Terms of Service. No deposit or investment request will be processed at this time.

Our team is working diligently towards our objective of maximizing value for all of our Users, and our top priority continues to be to protect your interests. As we explore all options available to us, we will provide updates to you as we go.

We hope to communicate with you within the next 10 business days on the next steps to address the situation. We appreciate your patience in this trying time.


Sincerely yours,

From MyConstant team