Breaking News: Falcon Finance Pulls All Funds from Centralized Exchanges!

In a jaw-dropping move, DWF Labs and Falcon Finance co-founder Andrei Grachev just announced that they've yanked all their crypto stash from centralized exchanges! This bold step is all part of their high-stakes risk management game plan.

Grachev hit the crypto scene with a bombshell update, revealing that the entire Falcon crew has ditched centralized exchanges because of major security worries. He's not messing around—Grachev says they've got a top-notch independent auditor who's signed off on an attestation letter, proving they've cut ties with CEXs for good.

“We moved all funds away from CEXes, got an attestation letter from the auditors that confirmed that,” Grachev declared, leaving no room for doubt.

But wait, there's more! Falcon Finance is also gearing up to drop a slick new transparency page, set to go live any day now. The team's hustling to nail down the details, but you can bet it'll show you the real deal on their fund movements, crypto holdings, and other transparency metrics.

Why is Falcon Finance Bailing on CEXs?

Falcon Finance's epic decision to pull the plug on centralized exchanges screams their hardcore commitment to beefing up risk management, shining a light on transparency, and breaking free from CEX control.

Co-founder Andrei Grachev is all in on this game-changing shift, and he's not stopping there—he's pushing for better on-chain visibility with that new transparency page. By getting their assets out of CEXs, Falcon's dodging those nasty custodial risks like account freezes, hacks, or mismanagement that have been haunting centralized exchanges.

This move is a total match for Falcon's promise to stick to market-neutral strategies, dodging directional trades like the plague, and keeping every USDf minted backed by solid reserves.

Get this: according to their latest brief, Falcon's reserves are overcollateralized at a whopping 116%, with a cool 89% parked in stablecoins and Bitcoin (BTC). And yes, those reserves are audited, showing just how serious they are about transparency and sustainable growth.

By moving their funds off centralized exchanges and onto the blockchain, Falcon's making it a breeze to prove their reserves to the world and run their financial ops with crystal-clear transparency.