Rain Update
Contents
Rain Update
By RAIN EDITORIAL TEAM - May 14, 2024, 3:30 AM
We would like to address news circulating about a security incident involving Rain, and let our customers know that the situation has been resolved. We assure you that we have already taken all the necessary steps to address this matter to protect customer funds. Customers' funds are under custody, fully accounted for, and held on a 1:1 basis. This means that all your fiat currency and crypto assets are held with the highest standards of security and regulatory compliance.
Rain Management W.L.L is licensed and regulated by the Central Bank of Bahrain and Rain Trading Limited is regulated by the ADGM Financial Services Regulatory Authority, which means we maintain a 1:1 asset-to-funds ratio in line with regulatory requirements.
As soon as we became aware of the incident, we isolated the issue and put additional controls to strengthen our security. Rain Group has …
By RAIN EDITORIAL TEAM - May 14, 2024, 3:30 AM
We would like to address news circulating about a security incident involving Rain, and let our customers know that the situation has been resolved. We assure you that we have already taken all the necessary steps to address this matter to protect customer funds. Customers' funds are under custody, fully accounted for, and held on a 1:1 basis. This means that all your fiat currency and crypto assets are held with the highest standards of security and regulatory compliance.
Rain Management W.L.L is licensed and regulated by the Central Bank of Bahrain and Rain Trading Limited is regulated by the ADGM Financial Services Regulatory Authority, which means we maintain a 1:1 asset-to-funds ratio in line with regulatory requirements.
As soon as we became aware of the incident, we isolated the issue and put additional controls to strengthen our security. Rain Group has …