Legal
Risk Disclosure
Last updated: October 18, 2026. Important risks of using Kura and related digital-asset products.
This Risk Disclosure is incorporated into the Terms of Service. Kura Finance LLC has shut down. Kura is now an open-source project with only basic wallet features maintained, and you use it entirely at your own risk. Digital assets and DeFi can result in total loss of funds. Only use money you can afford to lose. This is not financial, legal, or tax advice.
1. Open-Source Software, Not a Bank
Kura is open-source software operated by Rick Weng, an individual (the “Operator”). The source code is copyright Prism Capital LLC. Kura Finance LLC, which previously developed and operated Kura, has been dissolved. None of them is a bank, broker-dealer, money transmitter, exchange, custodian, or investment adviser. Crypto assets and tokenized securities are volatile and are not insured by the FDIC, SIPC, FSCS, or any government agency.
Unmaintained and discontinued services. Only basic wallet features are maintained, on a best-effort basis and without a support team. Bank transfers and fiat ramps, US stocks, cards, KYC, TrackFi, subscriptions, and referrals are permanently discontinued. Any remaining feature, server, or integration may stop working or be switched off at any time without notice, and bugs or vulnerabilities may never be fixed. If the integration with our authentication partner (Privy) stops, you may lose access through Kura; export your private keys and keep them safe while you can.
2. Not Financial, Legal, or Tax Advice
All information, charts, market data, analytics, and asset details in the Service are for informational and software-utility purposes only. Nothing constitutes financial, investment, legal, or tax advice. Conduct independent diligence and consult licensed professionals before making decisions.
3. Non-Custodial Nature and Irreversible Transactions
Kura is non-custodial: you control keys via a Safe smart account on Base. Kura does not hold, control, or custody your fiat or digital assets and cannot move funds on your behalf. All trades, swaps, bridges, yield deposits, borrow transactions, transfers, asset purchases, and card spending are self-directed. Blockchain and smart-contract transactions are generally irreversible; we cannot reverse, freeze, or recover them. Loss of passkeys, devices, or exported keys can mean permanent loss of access.
4. Market and Volatility Risk
Prices of cryptoassets, stablecoins, tokenized securities, and related instruments can move sharply and may fall to zero. Liquidity can disappear. Spreads, slippage, and failed transactions can cause losses even when markets appear orderly. Past performance is not indicative of future results.
5. Smart-Contract, Oracle, and Protocol Risk
Morpho Earn, Morpho Borrow, bridges, swaps, account abstraction, and related features depend on third-party smart contracts and oracles. Bugs, exploits, governance changes, upgrades, paused markets, or oracle failures can cause partial or total loss of deposited or collateral assets. Audits reduce but do not eliminate risk.
6. DeFi Yield and Borrowing Risk
Displayed yield rates reflect estimated net returns after applicable fees (including Kura performance fees of up to 10% and Morpho vault fees) and may differ from protocol “gross” rates or realized returns. Yields are variable and not guaranteed. Borrowing involves variable interest rates, collateral requirements, and liquidation risk. If collateral value falls below required thresholds, collateral may be liquidated automatically with little or no notice. Earn deposits and borrowed positions are not bank deposits.
7. Bridge, Swap, and Cross-Chain Risk
Cross-chain bridges and DEX aggregators (including Li.Fi routes) involve smart-contract, relayer, liquidity, and destination-chain risks. Transfers may be delayed, stuck, partially filled, or fail. Fees and execution prices can differ from quotes. Only DONE / successfully settled transfers are reliable records of completion.
8. Tokenized Securities and RWA Risk
Access to tokenized real-world assets and US equities through Kura (including via Dinari) has been discontinued. Any tokenized assets you still hold remain subject to the issuer’s and partner’s own terms. Access to such assets is subject to partner KYC, suitability, and jurisdictional limits. Tokenized securities can lose value, may have limited secondary liquidity, and are not the same as holding traditional brokerage assets in every legal respect. Partner outages or restrictions can block trading or redemption.
9. Card and Fiat Ramp Risk
Card and fiat on/off-ramp services through Kura have been permanently discontinued, and no cards will be issued. Any past card or ramp transactions remain subject to the relevant issuer’s, bank’s, or partner’s own terms.
10. Third-Party and Data Accuracy Risk
Features rely on independent providers (including Privy, Bridge, MoonPay, Li.Fi, Morpho, Dinari, Sumsub, Stripe, Plaid, DeBank, CoinGecko, Pimlico, and WalletConnect). TrackFi exchange connections are read-only. We do not control partner services and are not liable for their outages, delays, or decisions. Displayed balances and prices depend on third-party APIs and RPC nodes and may be incomplete, delayed, or inaccurate.
11. Regulatory and Availability Risk
Laws governing digital assets, DeFi, cards, and securities change. Features may be unavailable in your region, withdrawn, or modified to comply with law or partner requirements.
12. Zero-Access Disclosure Limits
TrackFi uses zero-access encryption. We do not maintain universal plaintext capability for sensitive TrackFi content. Disclosure is limited to data technically accessible in our systems. We do not sell user financial data.
13. No Fiduciary Duty
Your use of Kura does not create a fiduciary, advisory, or principal-agent relationship with the Operator, Prism Capital LLC, or any contributor to the Kura open-source project. You alone evaluate the merits and risks of any tool, asset, or information.
14. Acknowledgement
By using the Service, you acknowledge that you have read this Risk Disclosure, including the open-source and discontinued-service risks in Section 1, and that you use the Service entirely at your own risk. For liability limits and dispute resolution, see the Terms of Service.