Terms of Service

Effective May 20, 2026 · Last updated May 20, 2026 · Version 2026-05-20 Updated

BLAC Terms of Service

Last Updated: May 21, 2026

Effective Date: May 21, 2026

Entity: BLAC LABS AB, a company to be incorporated under the laws of Sweden (Reg. No. pending — to be assigned upon incorporation) Contact: hello@blaclabs.io

1. Introduction and Acceptance

Welcome to BLAC ("we," "our," "us," or "BLAC LABS AB"). By accessing, downloading, installing, or using our websites, the BLAC Wallet mobile application, the BLAC Server backend infrastructure, or any other related products, features, or services (collectively, the "Services"), you ("you," "your," or "User") acknowledge that you have read, understood, and agree to be legally bound by these Terms of Service ("Terms"), as well as our Privacy Policy, which is incorporated herein by reference.

IMPORTANT — PLEASE READ BEFORE USING:

BLAC WALLET IS A BETA-STAGE SOFTWARE TOOL. It is not a financial product, investment adviser, or exchange. All market data, forecasts, analytical outputs, and informational content displayed in the Wallet are provided for informational purposes only and must not be relied upon as the basis for any investment or trading decision. Your use of the Wallet and all decisions you make are solely your own responsibility. See Section 5 for the full disclaimer.

IF YOU DO NOT AGREE TO ALL OF THESE TERMS, INCLUDING THE MANDATORY INDIVIDUAL ARBITRATION PROVISION AND CLASS ACTION WAIVER IN SECTION 21, YOU MUST IMMEDIATELY CEASE ALL USE OF THE SERVICES. YOU EXPRESSLY ACKNOWLEDGE AND AGREE THAT YOUR USE OF THE SERVICES IS AT YOUR SOLE RISK AND THAT YOU ASSUME ALL RISK ASSOCIATED THEREWITH.

CRITICAL NOTICE REGARDING SELF-CUSTODY:

THE BLAC WALLET IS A NON-CUSTODIAL, CLIENT-SIDE SOFTWARE APPLICATION. BLAC LABS AB DOES NOT AT ANY TIME HAVE CUSTODY, POSSESSION, CONTROL, OR ACCESS TO YOUR DIGITAL ASSETS, PRIVATE KEYS, SEED PHRASES, PASSWORDS, OR ANY OTHER AUTHENTICATION CREDENTIALS. ALL CRYPTOGRAPHIC KEY MATERIAL IS GENERATED, STORED, AND PROCESSED EXCLUSIVELY ON YOUR LOCAL DEVICE. NO PRIVATE KEY MATERIAL, SEED PHRASE, OR WALLET DATA IS EVER TRANSMITTED TO, RECEIVED BY, OR ACCESSIBLE BY BLAC LABS AB OR ANY OF ITS SERVERS, EMPLOYEES, CONTRACTORS, OR AFFILIATES.

YOU BEAR SOLE, ABSOLUTE, AND UNCONDITIONAL RESPONSIBILITY FOR THE SECURITY AND BACKUP OF YOUR PRIVATE KEYS AND SEED PHRASES. LOSS OF THESE CREDENTIALS RESULTS IN PERMANENT, IRREVERSIBLE LOSS OF ACCESS TO YOUR DIGITAL ASSETS. BLAC LABS AB HAS NO ABILITY WHATSOEVER TO RECOVER, RESTORE, RESET, OR RETRIEVE YOUR CREDENTIALS OR ASSETS. IF YOU LOSE YOUR SEED PHRASE, YOUR FUNDS ARE GONE FOREVER; BLAC LABS AB CANNOT AND WILL NOT ASSIST YOU IN ANY RECOVERY ATTEMPT.

2. Definitions

For the purposes of these Terms:

  • "Blockchain" means any distributed ledger technology network, including but not limited to Ethereum, Bitcoin, Solana, and any associated testnets, sidechains, or Layer 2 solutions, as well as any other public distributed ledger networks supported by the Wallet from time to time.
  • "Digital Assets" means any digital representation of value recorded on a Blockchain, including but not limited to cryptocurrencies, tokens (fungible and non-fungible), stablecoins, and any other digital tokens.
  • "Private Key" means the cryptographic key that allows the holder to authorize transactions on a Blockchain.
  • "Seed Phrase" (also "Recovery Phrase" or "Mnemonic Phrase") means the series of words generated by the Wallet that can be used to derive Private Keys.
  • "Smart Contract" means self-executing code deployed on a Blockchain.
  • "Wallet" means the BLAC Wallet non-custodial software application.
  • "Non-Custodial" means that the software operates entirely on the User's device, and the service provider never takes possession, custody, or control of the User's Private Keys, Seed Phrases, or Digital Assets.
  • "Prohibited Person" means any individual or entity that is (i) located in, organized or resident in, or a citizen or national of any country, territory, or region subject to comprehensive sanctions administered by the United Nations Security Council, the European Union, OFAC, His Majesty's Treasury (UK), or any other applicable sanctions authority; (ii) identified on, or owned or controlled by any person identified on, any sanctions list maintained by such authorities (including but not limited to the OFAC SDN List and the EU Consolidated List of Sanctions); or (iii) otherwise prohibited from using the Services under applicable law.

3. Eligibility

By accessing or using the Services, you represent, warrant, and covenant that:

(a) You are at least eighteen (18) years of age, or the age of legal majority in your jurisdiction, whichever is greater, and have the full legal capacity to enter into a binding agreement.

(b) You are not located in, organized or resident in, or a citizen or national of: (i) any country, territory, or region subject to comprehensive sanctions administered by the United Nations Security Council, the European Union, the United States Department of the Treasury's Office of Foreign Assets Control ("OFAC"), His Majesty's Treasury (UK), or any other applicable sanctions authority; (ii) including but not limited to Cuba, Iran, North Korea, Syria, the Crimea, Donetsk, Luhansk, Kherson, and Zaporizhzhia regions of Ukraine, or any other jurisdiction where the use of the Services would be prohibited or restricted by applicable law.

(c) You are not identified on, and are not owned or controlled (directly or indirectly, individually or in the aggregate) by any person identified on, any sanctions list maintained by the aforementioned authorities, including but not limited to the OFAC Specially Designated Nationals and Blocked Persons List ("SDN List"), the EU Consolidated List of Sanctions, or any equivalent list.

(d) You are not using the Services on behalf of, or for the benefit of, any Prohibited Person or sanctioned jurisdiction.

(e) Your use of the Services does not violate any applicable law, regulation, or rule in your jurisdiction.

(f) You have not previously been suspended, removed, or banned from using the Services.

(g) Sophisticated User Representation: You represent and warrant that you have a high degree of technological and financial sophistication and a comprehensive understanding of the operation, functionality, and risks of Blockchain technology, Digital Assets, Smart Contracts, and decentralized protocols. You acknowledge that you are capable of evaluating the merits and risks of your transactions and that you are using the Services with full knowledge of the risks involved, including the risk of total loss of assets. You agree that BLAC LABS AB is not responsible for any lack of understanding on your part regarding the technical or financial aspects of the Services.

4. Non-Custodial Architecture and User Responsibilities

4.1. Self-Custody Model

The BLAC Wallet is a non-custodial, client-side software tool. The architecture is designed such that:

  • All Private Keys and Seed Phrases are generated exclusively on your local device using cryptographically secure random number generation.
  • All Private Keys and Seed Phrases are stored exclusively on your local device, encrypted using hardware-backed security mechanisms (e.g., Apple Secure Enclave, Android Keystore, or equivalent).
  • No Private Key, Seed Phrase, password, PIN, biometric data, or any wallet authentication credential is ever transmitted to, stored on, or accessible by any server, system, database, or infrastructure operated by or on behalf of BLAC LABS AB.
  • The application does not contain any functionality, code path, API call, or mechanism that would allow BLAC LABS AB to access, retrieve, intercept, or reconstruct your Private Keys, Seed Phrases, or Digital Assets.
  • Transaction signing occurs exclusively on your local device. Only signed transactions (which do not contain Private Keys) are broadcasted to public Blockchain networks.

4.2. Absolute User Responsibility

You acknowledge and agree that you are solely and exclusively responsible for:

(a) The generation, storage, backup, and security of your Private Keys and Seed Phrases. You understand that your Seed Phrase is the only way to access your funds and that BLAC LABS AB has no copy of it.

(b) Maintaining the physical and digital security of any device on which the Wallet is installed.

(c) Creating and securely storing multiple backup copies of your Seed Phrase in physical, offline locations separate from your primary device.

(d) Verifying all transaction details—including but not limited to recipient address, amount, token type, network, and gas/network fees—before confirming any transaction. Once a transaction is signed and broadcasted, it cannot be reversed.

(e) Understanding the technical and financial implications of interacting with Blockchains, Smart Contracts, decentralized protocols, and Digital Assets. YOU ASSUME ALL RISK FOR ANY LOSSES INCURRED.

(f) Protecting yourself against phishing attacks, social engineering, malware, keyloggers, clipboard hijacking, SIM-swapping, and all other security threats.

(g) Ensuring your use of the Services complies with all applicable laws and regulations in your jurisdiction.

4.3. No Recovery

BLAC LABS AB HAS NO ABILITY, OBLIGATION, OR RESPONSIBILITY TO RECOVER, RESTORE, OR PROVIDE ACCESS TO YOUR PRIVATE KEYS, SEED PHRASES, PASSWORDS, OR DIGITAL ASSETS UNDER ANY CIRCUMSTANCES WHATSOEVER, INCLUDING BUT NOT LIMITED TO DEVICE LOSS, DEVICE THEFT, DEVICE DAMAGE, SOFTWARE MALFUNCTION, USER ERROR, HACKING, PHISHING, OR DEATH OF THE USER.

4.4. Anti-Impersonation Notice

BLAC LABS AB will NEVER request your Seed Phrase, Private Key, password, PIN, biometric data, or any wallet authentication credential through any channel, including but not limited to email, telephone, social media, chat, support tickets, in-app messages, or the Services themselves. Any communication purporting to be from BLAC LABS AB that requests such information is fraudulent and must be ignored. You are solely responsible for verifying the authenticity of any communication claiming to originate from BLAC LABS AB. BLAC LABS AB bears no liability whatsoever for any loss, damage, or compromise resulting from your reliance on, response to, or interaction with fraudulent, impersonated, spoofed, phished, or otherwise unauthorized communications.

5. Nature of Services — Tool Only, No Financial Advice

5.1. BLAC Wallet is a Tool

(a) BLAC Wallet is a software tool. It is designed to help you interact with public Blockchain networks, view market data, and execute on-chain transactions. It is not a financial product, investment platform, advisory service, or exchange. You use it as a tool to take your own actions — nothing in the Wallet constitutes a recommendation, signal, or suggestion to act.

(b) The Services are provided solely as a software tool for interacting with public Blockchain networks. The Services do not constitute, and shall not be construed as, financial advice, investment advice, trading advice, legal advice, tax advice, or any other form of professional advice.

(c) BLAC LABS AB is not a bank, financial institution, money services business, money transmitter, payment processor, broker, dealer, exchange, custodian, fiduciary, or financial adviser, and is not registered as such with any regulatory authority.

(d) No Fiduciary Duty: These Terms are not intended to, and do not, create or impose any fiduciary duties on BLAC LABS AB. To the fullest extent permitted by law, you acknowledge and agree that BLAC LABS AB owes no fiduciary duties or liabilities to you or any other party, and that to the extent any such duties or liabilities may exist at law or in equity, those duties and liabilities are hereby irrevocably disclaimed, waived, and eliminated. You agree that the only duties and obligations that BLAC LABS AB has are the contractual obligations expressly set forth in these Terms.

5.2. Informational Content — No Reliance

(a) No communication, information, data feed, price display, chart, news article, or any other content made available through or in connection with the Services shall be construed as a recommendation, endorsement, solicitation, or offer to buy, sell, hold, or trade any Digital Asset or financial instrument.

(b) Forecasts, AI models, and analytical features: The Wallet may include features that display forecasts, machine learning model outputs, trend analyses, fear and greed indices, long/short ratios, liquidation maps, altcoin indices, and similar analytical data (collectively, "Informational Content"). This Informational Content is provided for informational and educational purposes only. It is generated by automated models and aggregated from third-party data sources. It is not verified, audited, or guaranteed to be accurate, complete, or timely. You must not rely on any Informational Content as the basis for any investment, trading, or financial decision. All decisions are yours alone, based on your own independent analysis and judgement.

(c) Past performance and model outputs are not indicative of future results. Any forecast, prediction, or projected output displayed in the Wallet is a model estimate only. Markets are inherently unpredictable and no model can reliably forecast future prices or market movements.

(d) Digital Assets are extremely volatile, speculative, and high-risk. You acknowledge that you may suffer a total and complete loss of all value of your Digital Assets. You assume all risk associated with your use of the Services and your Digital Asset transactions.

(e) Tax Responsibility: You are solely and exclusively responsible for determining, reporting, and paying any and all taxes, duties, and assessments (including but not limited to capital gains taxes, income taxes, sales taxes, or value-added taxes) that may be applicable to your Digital Asset transactions or your use of the Services in any and all jurisdictions. You acknowledge that BLAC LABS AB does not provide tax advice and is not responsible for determining whether taxes apply to your transactions, or for collecting, reporting, or remitting any taxes arising from any transaction. You agree to indemnify and hold BLAC LABS AB harmless from any and all liability, penalties, interest, or costs related to your failure to fulfill your tax obligations.

5.3. Beta Status

(a) BLAC Wallet is currently a beta-stage application. The Services, including all features, data displays, swap routing, trading functionality, and Informational Content, are provided in beta form and may contain bugs, inaccuracies, incomplete features, or unexpected behavior. You use the beta Services entirely at your own risk. BLAC LABS AB provides no warranty regarding the correctness, reliability, or fitness for purpose of any beta feature.

6. Risks of Digital Assets and Blockchain Technology

6.1. Risk Acknowledgments

By using the Services, you expressly acknowledge, understand, and accept the following risks (which are not exhaustive):

(a) Irreversibility: Blockchain transactions, once confirmed, are final, immutable, and cannot be reversed, cancelled, or modified by any party, including BLAC LABS AB.

(b) Volatility: The market value of Digital Assets is extremely volatile and may decrease to zero. Past performance is not indicative of future results.

(c) Technical Risks: Smart Contract vulnerabilities, software bugs, zero-day exploits, 51% attacks, consensus failures, network congestion, hard forks, soft forks, chain reorganizations, bridge exploits, oracle manipulation, and other technical failures may result in loss of Digital Assets.

(d) Regulatory Risks: The legal and regulatory status of Digital Assets and Blockchain technology varies by jurisdiction and is subject to change. Legislative or regulatory changes may adversely affect the legality, use, transfer, exchange, or value of Digital Assets, and may result in the Services becoming unavailable in your jurisdiction.

(e) Counterparty Risk: Any interaction with third-party protocols, Smart Contracts, decentralized applications, bridges, or other users carries inherent counterparty risk.

(f) Address Errors: Sending Digital Assets to an incorrect, incompatible, or non-existent address will result in permanent, irrecoverable loss.

(g) Network Fees: Blockchain network fees are determined by network conditions and miners/validators, not by BLAC LABS AB. Fees paid for failed transactions are not refundable.

6.2. Blockchain Network Events (Forks & Airdrops)

BLAC LABS AB has no control over the underlying software protocols that govern the operation of Digital Assets supported by the Wallet. Generally, the underlying protocols are open source and anyone can use, copy, modify, and distribute them.

(a) Forks: The underlying protocols may be subject to sudden changes in operating rules ("Forks"), and such Forks may materially affect the value, function, and/or name of the Digital Asset you store in the Wallet. BLAC LABS AB may, in its sole discretion, decide to support or not support the Forked network or Digital Asset. You agree that BLAC LABS AB assumes no responsibility or liability in connection with any Fork or your ability to transfer, trade, or store the Forked Digital Asset.

(b) Airdrops: BLAC LABS AB has no obligation to support, credit, or facilitate the distribution of any "Airdropped" Digital Assets or tokens. If you wish to participate in an Airdrop or Fork, you must withdraw your Digital Assets to another wallet that supports such event prior to the event occurring. BLAC LABS AB is not liable for any lost opportunity or value resulting from unsupported Airdrops or Forks.

6.3. Wallet Import & Derivation Paths

You acknowledge that different wallet providers may use different "derivation paths" or standards (e.g., BIP-32, BIP-39, BIP-44, BIP-49, BIP-84 for SegWit, BIP-86 for Taproot) to generate addresses from a Seed Phrase. If you import a Seed Phrase from another wallet provider into the BLAC Wallet, or vice versa, you may not see all your accounts or Digital Assets due to these technical differences. BLAC LABS AB is not responsible for any "missing" funds or inability to access Digital Assets resulting from: (a) Incompatible derivation paths; (b) Use of "extra words," "passphrases," or "salt" during seed generation on other platforms; (c) Misinterpretation of mnemonic standards by third-party software. It is your sole responsibility to understand the technical specifications of your Seed Phrase before importing or exporting it.

7. Third-Party Services and Integrations

(a) The Services may integrate with, interact with, display data from, or facilitate access to third-party services, protocols, smart contracts, decentralized applications, blockchain nodes, data providers, aggregators, bridges, and other external resources (collectively, "Third-Party Services"), including but not limited to: Apple Push Notification service (APNs, for notification delivery), Apple App Attest (for cryptographic device verification), Alchemy, Infura, CoinMarketCap, Moralis, CoinAPI, CryptoPanic, NewsAPI, Hyperliquid (perpetual futures trading infrastructure), Jupiter (Solana DEX aggregator), Orca (Solana DEX), 0x Protocol (EVM DEX aggregator), Chainflip (cross-chain bridge), deBridge / DLN (cross-chain bridge), Mayan Finance (cross-chain bridge), Garden Finance (cross-chain bridge), PancakeSwap Infinity (EVM DEX), BirdEye (token market data), DEXScreener (token market data), and various other decentralized exchange (DEX) protocols and bridge protocols.

(b) BLAC LABS AB DOES NOT OWN, OPERATE, CONTROL, ENDORSE, AUDIT, GUARANTEE, OR ASSUME ANY RESPONSIBILITY FOR ANY THIRD-PARTY SERVICES. Your use of Third-Party Services is entirely at your own risk and subject to such Third-Party Services' own terms, conditions, and privacy policies.

(c) BLAC LABS AB makes no representation or warranty regarding the accuracy, reliability, completeness, timeliness, availability, security, or legality of any information, data, price feed, or service provided by Third-Party Services.

(d) BLAC LABS AB shall not be liable for any loss, damage, or claim arising from or related to your use of, reliance on, or interaction with any Third-Party Services, including but not limited to Smart Contract exploits, bridge failures, oracle manipulation, data inaccuracies, or service outages.

8. Swap and DEX Aggregation Services

8.1. Nature of Swap Services

The Wallet may provide functionality that allows you to swap, exchange, or trade Digital Assets through third-party decentralized exchange (DEX) protocols, liquidity pools, and/or swap aggregators (collectively, "Swap Services"). You acknowledge and agree that:

(a) BLAC LABS AB is not a counterparty to any swap or trade. BLAC LABS AB does not operate, control, or manage any DEX, liquidity pool, automated market maker (AMM), or order book. The Wallet merely provides a user interface to interact with third-party Smart Contracts that execute swaps on-chain.

(b) All swaps are executed entirely on-chain via third-party Smart Contracts. Once a swap transaction is signed on your device and broadcasted to the Blockchain, it is irreversible and beyond the control of BLAC LABS AB.

(c) Price quotes and estimates displayed in the Wallet (including estimated output amounts, exchange rates, and price impact) are indicative only and are sourced from third-party data providers or on-chain data. Actual execution prices may differ due to market movement, slippage, front-running, sandwich attacks, MEV (Maximal Extractable Value) extraction, liquidity changes, or network conditions.

(d) Slippage risk: You are solely responsible for setting and understanding slippage tolerance parameters. Transactions with high slippage tolerance are vulnerable to front-running and sandwich attacks. Transactions with low slippage tolerance may fail, resulting in loss of network fees without execution.

(e) MEV risk: Blockchain transactions in the public mempool may be visible to miners, validators, and MEV searchers who may reorder, front-run, back-run, or sandwich your transactions for profit. BLAC LABS AB has no control over MEV activity.

(f) Failed transactions: Swap transactions may fail due to insufficient gas, slippage exceeding tolerance, liquidity withdrawal, Smart Contract reverts, or other technical reasons. Network fees for failed transactions are not refundable by BLAC LABS AB or any party.

(g) Token risks: You are solely responsible for evaluating the legitimacy, safety, and legal status of any token you swap. Tokens may be fraudulent, contain malicious code (e.g., honeypots, fee-on-transfer traps), be subject to regulatory restrictions, or lose all value. BLAC LABS AB does not audit, endorse, verify, or vet any token.

(h) Jurisdiction-specific asset restrictions: Certain Digital Assets supported by the Wallet may be restricted, prohibited, or delisted in specific jurisdictions. Certain privacy-preserving Digital Assets are subject to enhanced regulatory restrictions or outright prohibition in various countries. It is your sole responsibility to determine whether any specific Digital Asset is legal to hold, transfer, or trade in your jurisdiction before using the Wallet in connection with such asset. BLAC LABS AB does not restrict access to specific assets based on geography, but does not represent or warrant that any particular asset is legally accessible or permissible in your jurisdiction.

(i) Approval risks: Certain swap operations require you to grant Smart Contract approvals (token allowances). These approvals carry inherent risks, including the possibility that a compromised or malicious Smart Contract could drain approved tokens from your wallet. You are solely responsible for managing and revoking token approvals.

8.2. No Guarantee of Best Price

BLAC LABS AB does not guarantee that the Swap Services will provide the best available price, lowest fees, or optimal routing for any transaction. Price comparisons across DEXs and aggregators are provided for informational purposes only.

8.3. Smart Contract and Protocol Upgrade Waiver

You acknowledge and agree that smart contracts, protocols, decentralized applications, bridges, oracles, and other third-party blockchain infrastructure accessed through the Services may be upgraded, modified, paused, halted, replaced, deprecated, exploited, abandoned, or rendered inoperable by their respective developers, governance processes, validators, multi-signature signers, or external events at any time, without notice, and without recourse. BLAC LABS AB has no control over any such event and assumes no liability for any consequence thereof, including but not limited to permanent loss of Digital Assets, loss of functionality, loss of expected yields or rewards, frozen or stuck transactions, or any economic, technical, or operational impact on you or your Digital Assets.

9. Staking Services

9.1. Nature of Staking

The Wallet may provide functionality that allows you to stake, delegate, or lock Digital Assets through third-party staking protocols, validator nodes, or Smart Contracts (collectively, "Staking Services"). You acknowledge and agree that:

(a) BLAC LABS AB is not a staking provider, validator, or node operator. The Wallet provides a user interface to interact with third-party staking Smart Contracts and protocols. BLAC LABS AB does not operate, manage, or control any validator node or staking pool.

(b) Staking rewards are not guaranteed. Any estimated rewards, annual percentage yields (APY), or annual percentage rates (APR) displayed in the Wallet are indicative estimates only, sourced from third-party data, and may change at any time without notice. Actual rewards depend on network conditions, validator performance, protocol rules, and other factors beyond the control of BLAC LABS AB.

(c) Slashing risk: Staked Digital Assets may be subject to slashing penalties imposed by the Blockchain protocol if the validator you delegate to engages in malicious behavior, experiences downtime, or otherwise violates protocol rules. Slashing may result in partial or total loss of your staked Digital Assets. BLAC LABS AB has no control over slashing events and bears no liability for slashing losses.

(d) Lock-up and unbonding periods: Staked Digital Assets may be subject to lock-up periods, unbonding periods, or cooldown periods during which your assets are illiquid and cannot be transferred, sold, or withdrawn. These periods are determined by the respective Blockchain protocol, not by BLAC LABS AB. During lock-up periods, you may suffer losses due to market volatility without the ability to liquidate your position.

(e) Validator risk: The performance, reliability, security, and honesty of third-party validators are beyond the control of BLAC LABS AB. BLAC LABS AB does not endorse, audit, monitor, or guarantee any validator.

(f) Protocol changes: Staking protocols may change their rules, reward structures, minimum stake amounts, or other parameters at any time without notice. Such changes may adversely affect your staked assets or expected rewards.

(g) Smart Contract risk: All staking interactions are executed via third-party Smart Contracts, which may contain vulnerabilities, bugs, or exploits that could result in loss of staked Digital Assets.

9.2. Tax Implications of Staking

Staking rewards may constitute taxable income in your jurisdiction. You are solely responsible for determining and fulfilling any tax obligations arising from staking activities.

10. NFT Display and Interaction

10.1. Nature of NFT Services

The Wallet may display, organize, and facilitate interaction with non-fungible tokens ("NFTs") stored in your wallet. You acknowledge and agree that:

(a) BLAC LABS AB is not an NFT marketplace, gallery, auction house, or broker. The Wallet provides a user interface to view and manage NFTs that exist on public Blockchains. BLAC LABS AB does not facilitate the buying, selling, minting, listing, or auctioning of NFTs unless explicitly stated.

(b) NFT metadata and media: NFTs typically reference metadata and media files (images, videos, audio, 3D models) stored on external services (e.g., IPFS, Arweave, centralized servers). BLAC LABS AB does not host, store, guarantee the availability of, or control NFT metadata or media. External storage services may become unavailable, resulting in NFTs that display no content.

(c) No verification of authenticity: BLAC LABS AB does not verify the authenticity, legitimacy, originality, legality, or intellectual property status of any NFT or its associated content. NFTs may be counterfeit, infringe third-party intellectual property rights, contain offensive or illegal content, or be associated with fraudulent collections.

(d) No valuation: BLAC LABS AB makes no representation regarding the value, rarity, or investment potential of any NFT. NFT values are extremely speculative and may drop to zero.

(e) Intellectual property: Owning an NFT does not necessarily grant you any intellectual property rights, copyright, trademark rights, or license to the underlying content or artwork, unless explicitly granted by the NFT creator under separate terms. You are solely responsible for understanding the rights (if any) associated with any NFT you hold.

(f) Airdropped and unsolicited NFTs: Your wallet may receive unsolicited NFTs ("airdrop NFTs") that may be associated with phishing attacks, malicious Smart Contracts, or scams. Interacting with such NFTs (including attempting to transfer or sell them) may trigger malicious Smart Contract calls. BLAC LABS AB is not responsible for unsolicited NFTs sent to your wallet address.

10.2. DMCA and Intellectual Property Claims

If you believe that an NFT displayed through the Services infringes your intellectual property rights, please contact us at hello@blaclabs.io. Note that BLAC LABS AB does not host or control NFT content and may have limited ability to remove or restrict access to on-chain assets.

11. In-App Browser and dApp Interaction

11.1. Nature of the In-App Browser

The Wallet may include an integrated web browser or dApp browser feature ("In-App Browser") that allows you to access and interact with third-party decentralized applications ("dApps"), websites, protocols, and Smart Contracts directly from within the Wallet. You acknowledge and agree that:

(a) BLAC LABS AB does not operate, control, endorse, audit, or assume any responsibility for any dApp, website, protocol, or Smart Contract accessed through the In-App Browser. The In-App Browser is a general-purpose tool, and any interaction with third-party content is entirely at your own risk.

(b) No curation or filtering: The In-App Browser does not restrict, curate, whitelist, or blacklist any dApp or website (except as may be necessary for security purposes such as known phishing sites). The availability of a dApp through the In-App Browser does not constitute an endorsement, recommendation, or verification by BLAC LABS AB.

(c) Transaction signing: When interacting with dApps through the In-App Browser, you may be prompted to sign transactions or messages using your Private Keys. You are solely responsible for reviewing and understanding every transaction or message before signing. Malicious or poorly designed dApps may request transactions that drain your wallet, grant unlimited token approvals, or execute unintended actions.

(d) Phishing and fraud: dApps and websites accessed through the In-App Browser may be fraudulent, malicious, or designed to steal your Digital Assets through phishing, social engineering, or technical exploits. BLAC LABS AB is not responsible for losses resulting from your interaction with malicious dApps.

(e) Smart Contract interaction risk: Every interaction with a Smart Contract through the In-App Browser carries inherent risks, including but not limited to: reentrancy attacks, logic errors, access control vulnerabilities, oracle manipulation, and upgradeable proxy exploits. BLAC LABS AB does not audit any Smart Contract accessible through the In-App Browser.

(f) Third-party terms: Your use of dApps and websites through the In-App Browser is subject to the respective terms and conditions, privacy policies, and disclaimers of such third-party services, in addition to these Terms.

11.2. No Data Collection via In-App Browser

The In-App Browser does not transmit your browsing history, visited URLs, interaction data, or any other usage information to BLAC LABS AB. All browsing activity within the In-App Browser remains local to your device. This is independent of the optional notification data described in Section 12, which is collected only when you explicitly opt in.

12. Push Notifications

12.1. Optional Push Notifications

The Wallet may offer optional push notification functionality to alert you of events such as price movements, account-level trading events (e.g., fills, position changes, or liquidations on integrated trading protocols), and security updates. You acknowledge and agree that:

(a) Push notifications are strictly opt-in and disabled by default. Push notifications, Live Activities, and external alerts are not enabled upon installation and will only be activated if you explicitly grant permission through your device's permission prompt and the in-app toggle. You may disable them at any time through your device settings or within the Wallet application.

(b) Pseudonymous notification data: When you opt in, BLAC LABS AB stores a minimal record on its servers strictly for the purpose of delivering the notifications you have requested. This record consists of a randomly-generated installation identifier, your Apple Push Notification service (APNs) device token, your anonymous notification preferences, the alert rules you create (such as price targets), and — only if you opt into account-level notifications for protocols such as Hyperliquid — the public blockchain address you have chosen to monitor. This record contains no name, email, phone number, IP address, location data, transaction signing data, or any other directly identifying information. Public blockchain addresses are publicly accessible on-chain by design and cannot be connected by BLAC LABS AB to a real person. BLAC LABS AB has no internal lookup, customer record, or technical means to identify you from this data on its own. Full details of what is stored, the legal basis, and retention periods are described in the Privacy Policy.

(c) Immediate deletion on opt-out or uninstall: When you disable notifications in the Wallet, your record is deleted from BLAC LABS AB's servers within milliseconds. When you uninstall the Wallet, Apple's notification feedback mechanism triggers automatic deletion of your record. Inactive records are additionally deleted by a daily retention process.

(d) Third-party delivery infrastructure: Push notifications are delivered through Apple's Push Notification Service (APNs). APNs receives the APNs device token (which Apple itself issued) and the notification payload. Apple is an independent data controller for this processing under its own privacy policy. BLAC LABS AB operates its own backend infrastructure for notification management and does not use any third-party push provider beyond Apple's APNs.

(e) No guaranteed delivery: Push notifications are provided on a best-effort basis. BLAC LABS AB does not guarantee that notifications will be delivered in a timely manner or at all. You should not rely on push notifications as your sole source of information regarding your Digital Assets or transactions. Network issues, device settings, operating system restrictions, or third-party service outages may prevent or delay delivery.

(f) Not financial advice: Push notifications regarding price movements, market conditions, or Digital Asset events are for informational purposes only and do not constitute financial advice, trading signals, or recommendations.

13. Fees and Software Support

(a) Network Fees: All Blockchain transactions require network fees (commonly referred to as "gas fees") that are determined by the respective Blockchain network's conditions and validators/miners. These fees are not charged by, received by, or controlled by BLAC LABS AB. You are solely responsible for all network fees.

(b) Interface and Software Integration Fees: To support the ongoing development, maintenance, security auditing, and operational costs of the BLAC Wallet graphical user interface and its proprietary analytical tools, the following software integration fees apply:

  • Swap Interface Fee: An integration fee of up to 0.5% (50 basis points) of the input amount may be applied to transactions executed through third-party swap protocols via the Wallet interface. This fee is a technical charge for the use of the BLAC software interface to access decentralized liquidity. The fee is typically embedded in the transaction routing provided by third-party protocols and is displayed in the Wallet prior to your confirmation.

  • Builder Integration Fee (Hyperliquid): As a registered builder on the Hyperliquid protocol, BLAC LABS AB receives a builder fee of 0.05% (5 basis points) on perpetual futures transactions initiated through the Wallet's interface. This fee is a reward provided by the protocol to BLAC LABS AB for providing the software infrastructure and user interface. This fee is displayed in the transaction breakdown. A one-time on-chain authorization is required to enable this technical integration.

(c) Purpose of Fees: You acknowledge and agree that these fees are not commissions for financial brokerage, but rather software licensing and integration charges that enable BLAC LABS AB to provide, maintain, and improve the Wallet's non-custodial software tools. BLAC LABS AB does not receive, hold, or process your funds at any point during the fee deduction process; fees are handled programmatically by the underlying third-party Smart Contracts.

(d) No Refunds: All fees—whether network fees or software integration fees—are non-refundable, as they are consumed or processed at the moment of the on-chain transaction.

14. Prohibited Activities

You agree and covenant that you shall not, directly or indirectly, use the Services to:

(a) Violate any applicable local, national, or international law, statute, regulation, ordinance, or treaty, including but not limited to anti-money laundering (AML) laws, counter-terrorist financing (CTF) laws, sanctions laws, securities laws, and tax laws.

(b) Engage in, facilitate, or support any activity that BLAC LABS AB, in its sole discretion, deems to be immoral, unethical, harmful, malicious, or contrary to the interests of the community.

(c) Engage in, facilitate, or support money laundering, terrorist financing, proliferation financing, fraud, extortion, bribery, corruption, or any other financial crime.

(d) Transact with, or for the benefit of, any person, entity, or jurisdiction subject to sanctions.

(e) Engage in market manipulation, including but not limited to wash trading, spoofing, layering, front-running, or pump-and-dump schemes.

(f) Distribute, deploy, or propagate malware, ransomware, viruses, trojans, botnets, spyware, or any other malicious software or code.

(g) Attempt to gain unauthorized access to any portion of the Services, other users' wallets or accounts, or any systems or networks connected to the Services.

(h) Engage in any activity that could disable, overburden, impair, or interfere with the proper functioning of the Services, including denial-of-service (DoS/DDoS) attacks.

(i) Reverse-engineer, decompile, disassemble, or otherwise attempt to derive the source code of any proprietary components of the Services, except to the extent expressly permitted by applicable law.

(j) Use the Services for the purchase, sale, or facilitation of illegal goods, services, or activities.

(k) Circumvent, disable, or interfere with any security, access control, or technical protection measures of the Services.

(l) Use the Services on a device that has been "rooted," "jailbroken," or otherwise modified to remove manufacturer-imposed security restrictions or privilege limitations. You acknowledge that such modifications severely compromise the security of your device and your Digital Assets, and you agree that BLAC LABS AB shall have no liability whatsoever for any losses arising from or related to the use of the Services on such a modified device.

(m) AI, Machine Learning, and Data Extraction: Use, scrape, harvest, extract, mine, copy, or otherwise process any content, data, structure, interface, output, design, layout, or behavior of the Services to train, fine-tune, evaluate, benchmark, test, develop, or improve any artificial intelligence model, large language model, machine learning system, generative model, recommendation engine, automated trading system, or competing analytical product, without our express prior written consent. This restriction applies whether the extraction is performed manually, by automated means, by any third-party tool, or by any combination thereof.

(n) Competitive Use: Use the Services, in whole or in part, to develop, market, sell, distribute, or improve any product or service that competes with or is substantially similar to the Services; to benchmark the Services for competitive analysis or publication; to reverse-engineer the BLAC LABS AB business model, fee structure, routing logic, or interface design; or to resell, sublicense, white-label, or otherwise provide commercial access to the Services to any third party.

(o) High-Risk or Mission-Critical Use: Use the Services in any high-risk, mission-critical, or fail-safe environment, including but not limited to nuclear facilities, life-support systems, aircraft navigation, air traffic control, medical devices, weapons systems, or any environment where failure, error, interruption, or delay of the Services could result in death, personal injury, environmental damage, or substantial property damage. The Services are not designed, tested, licensed, or intended for any such use, and BLAC LABS AB expressly disclaims any liability arising from any such use.

(p) Cooperation with Authorities — Discretionary Disclosure: BLAC LABS AB may, in its sole and absolute discretion and without notice or liability to you, disclose information relating to your use of the Services (to the limited extent such information exists, as the Services collect minimal pseudonymous data only) to law enforcement authorities, regulatory authorities, courts, arbitrators, tax authorities, or other governmental or judicial bodies, where BLAC LABS AB reasonably believes such disclosure is required by, permitted by, or appropriate under applicable law, or where such disclosure is necessary to (i) comply with applicable law, court orders, or regulatory requests, (ii) protect the rights, property, safety, or interests of BLAC LABS AB, its users, or the public, (iii) detect, investigate, prevent, or address fraud, security threats, technical issues, or violations of these Terms, or (iv) defend against legal or regulatory claims.

We reserve the right to investigate and take appropriate action, including but not limited to suspending or terminating access to the Services and reporting to law enforcement authorities, against anyone who, in our sole discretion, violates this Section.

15. Intellectual Property

(a) All intellectual property rights in and to the Services, including but not limited to the BLAC name, logo, trademarks, service marks, trade dress, source code (excluding open-source components), object code, algorithms, user interface designs, documentation, and all related materials, are and shall remain the exclusive property of BLAC LABS AB or its licensors.

(b) Subject to your compliance with these Terms, BLAC LABS AB grants you a limited, non-exclusive, non-transferable, non-sublicensable, revocable license to download, install, and use the Wallet application on a device that you own or control, solely for your personal, non-commercial use.

(c) This license does not grant you any right to use the BLAC name, logo, or trademarks without prior written consent.

(d) Feedback: You may choose to, or we may invite you to, submit comments, bug reports, ideas, or other feedback about the Services, including without limitation about how to improve the Services ("Feedback"). By submitting any Feedback, you agree that your disclosure is gratuitous, unsolicited, and without restriction and will not place BLAC LABS AB under any fiduciary or other obligation, and that we are free to use the Feedback without any additional compensation to you, and/or to disclose the Feedback on a non-confidential basis or otherwise to anyone. You further acknowledge that, by acceptance of your submission, BLAC LABS AB does not waive any rights to use similar or related ideas previously known to BLAC LABS AB, or developed by its employees, or obtained from sources other than you.

(e) Any open-source software components included in the Services are licensed under their respective open-source licenses, which shall prevail over these Terms to the extent of any conflict with respect to such components.

(f) All Rights Reserved — No Implied License: All rights, title, and interest in and to the Services, the BLAC LABS AB brand, and any related intellectual property not expressly granted to you in these Terms are reserved by BLAC LABS AB. No license, right, title, ownership interest, or other entitlement is granted, transferred, or implied by these Terms by implication, estoppel, exhaustion, course of dealing, course of performance, trade usage, statute, or otherwise. Any use of the Services or BLAC LABS AB intellectual property beyond the limited license expressly granted in subsection (b) is strictly prohibited.

16. Disclaimer of Warranties

16.1. General Disclaimer

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW:

(a) THE SERVICES ARE PROVIDED ON AN "AS IS," "AS AVAILABLE," AND "WITH ALL FAULTS" BASIS, WITHOUT ANY WARRANTIES OR REPRESENTATIONS OF ANY KIND, WHETHER EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE.

(b) BLAC LABS AB EXPRESSLY DISCLAIMS ALL WARRANTIES, WHETHER EXPRESS, IMPLIED, OR STATUTORY, INCLUDING BUT NOT LIMITED TO THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT, ACCURACY, RELIABILITY, AVAILABILITY, COMPATIBILITY, SECURITY, AND ANY WARRANTIES ARISING FROM COURSE OF DEALING, USAGE, OR TRADE PRACTICE.

(c) WITHOUT LIMITING THE FOREGOING, BLAC LABS AB MAKES NO WARRANTY OR REPRESENTATION THAT:

  • (i) THE SERVICES WILL MEET YOUR REQUIREMENTS OR EXPECTATIONS;
  • (ii) THE SERVICES WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE;
  • (iii) THE RESULTS OBTAINED FROM THE USE OF THE SERVICES WILL BE ACCURATE, RELIABLE, OR COMPLETE;
  • (iv) ANY ERRORS OR DEFECTS IN THE SERVICES WILL BE CORRECTED;
  • (v) THE SERVICES WILL BE COMPATIBLE WITH ANY THIRD-PARTY SOFTWARE, HARDWARE, OR SERVICES;
  • (vi) ANY DATA DISPLAYED THROUGH THE SERVICES (INCLUDING BUT NOT LIMITED TO PRICES, BALANCES, AND TRANSACTION HISTORIES) WILL BE ACCURATE OR CURRENT.

(d) NO ADVICE OR INFORMATION, WHETHER ORAL OR WRITTEN, OBTAINED FROM BLAC LABS AB OR THROUGH THE SERVICES SHALL CREATE ANY WARRANTY NOT EXPRESSLY STATED HEREIN.

(e) SLIPPAGE & MEV DISCLAIMER: YOU ACKNOWLEDGE THAT THE PRICE OR EXCHANGE RATE OF DIGITAL ASSETS MAY FLUCTUATE RAPIDLY. THE ESTIMATED PRICE DISPLAYED AT THE TIME OF A TRANSACTION MAY DIFFER FROM THE EXECUTED PRICE DUE TO MARKET SLIPPAGE, NETWORK LATENCY, OR FRONT-RUNNING/MEV (MAXIMAL EXTRACTABLE VALUE) ATTACKS BY THIRD PARTIES (E.G., "SANDWICH ATTACKS"). BLAC LABS AB IS NOT RESPONSIBLE FOR ANY DIFFERENCE BETWEEN ESTIMATED AND EXECUTED PRICES OR FOR ANY LOSSES INCURRED DUE TO SLIPPAGE OR MEV ATTACKS.

16.2. Beta Software Disclaimer

YOU ACKNOWLEDGE AND AGREE THAT THE SERVICES (OR PORTIONS THEREOF) MAY BE DESIGNATED AS "BETA" OR "PRE-RELEASE" SOFTWARE. SUCH BETA SOFTWARE MAY CONTAIN BUGS, ERRORS, DEFECTS, AND OTHER PROBLEMS THAT COULD CAUSE SYSTEM OR OTHER FAILURES, DATA LOSS, OR SECURITY BREACHES. BLAC LABS AB HAS NO OBLIGATION TO MAINTAIN, CORRECT, UPDATE, CHANGE, MODIFY, OR RELEASE THE BETA SOFTWARE. YOUR USE OF BETA SOFTWARE IS ENTIRELY AT YOUR OWN RISK.

17. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW:

(a) IN NO EVENT SHALL BLAC LABS AB, ITS PARENT COMPANIES, SUBSIDIARIES, AFFILIATES, OFFICERS, DIRECTORS, EMPLOYEES, CONTRACTORS, AGENTS, PARTNERS, LICENSORS, OR SUPPLIERS (COLLECTIVELY, THE "BLAC PARTIES") BE LIABLE TO YOU OR ANY THIRD PARTY FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, PUNITIVE, OR EXEMPLARY DAMAGES, INCLUDING BUT NOT LIMITED TO DAMAGES FOR LOSS OF PROFITS, REVENUE, BUSINESS, SAVINGS, GOODWILL, USE, DATA, OR OTHER INTANGIBLE LOSSES, ARISING OUT OF OR IN CONNECTION WITH THESE TERMS, THE SERVICES, OR YOUR USE OF OR INABILITY TO USE THE SERVICES.

(b) THE BLAC PARTIES SHALL HAVE NO LIABILITY WHATSOEVER FOR ANY LOSSES ARISING FROM OR RELATED TO:

  • (i) LOST, STOLEN, OR COMPROMISED PRIVATE KEYS, SEED PHRASES, OR PASSWORDS;
  • (ii) UNAUTHORIZED ACCESS TO OR USE OF YOUR DEVICE OR WALLET;
  • (iii) USER ERRORS INCLUDING INCORRECT ADDRESSES, WRONG NETWORKS, OR INCORRECT TRANSACTION AMOUNTS;
  • (iv) BLOCKCHAIN NETWORK FAILURES, CONGESTION, FORKS, ATTACKS, OR DISRUPTIONS;
  • (v) SMART CONTRACT VULNERABILITIES, EXPLOITS, OR FAILURES;
  • (vi) THIRD-PARTY SERVICE FAILURES, OUTAGES, OR DATA INACCURACIES;
  • (vii) REGULATORY ACTIONS, SANCTIONS, OR CHANGES IN LAW;
  • (viii) FLUCTUATIONS IN THE VALUE OF DIGITAL ASSETS;
  • (ix) HACKING, PHISHING, MALWARE, OR OTHER CYBERSECURITY INCIDENTS;
  • (x) ANY ACTIONS OR OMISSIONS OF THIRD PARTIES.

(c) THE AGGREGATE LIABILITY OF THE BLAC PARTIES FOR ALL CLAIMS ARISING OUT OF OR RELATING TO THESE TERMS OR THE SERVICES, WHETHER IN CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY, OR OTHERWISE, SHALL NOT EXCEED THE TOTAL AMOUNT OF INTERFACE FEES ACTUALLY PAID BY YOU TO BLAC LABS AB IN THE TWELVE (12) MONTHS IMMEDIATELY PRECEDING THE EVENT GIVING RISE TO THE CLAIM, AND IN NO EVENT SHALL SUCH LIABILITY EXCEED ONE HUNDRED UNITED STATES DOLLARS (USD $100).

(d) NO PERSONAL LIABILITY: YOU EXPRESSLY ACKNOWLEDGE AND AGREE THAT THE LIMITATIONS OF LIABILITY SET FORTH IN THIS SECTION 17 ARE FUNDAMENTAL TERMS OF THESE TERMS. IN NO EVENT SHALL ANY OFFICER, DIRECTOR, SHAREHOLDER, EMPLOYEE, AGENT, OR REPRESENTATIVE OF BLAC LABS AB BE PERSONALLY LIABLE FOR ANY OBLIGATIONS OR LIABILITIES OF BLAC LABS AB ARISING UNDER OR IN CONNECTION WITH THESE TERMS OR THE SERVICES, REGARDLESS OF THE CAUSE OF ACTION.

(e) THE LIMITATIONS IN THIS SECTION SHALL APPLY REGARDLESS OF THE CAUSE OF ACTION OR THEORY OF LIABILITY, EVEN IF THE BLAC PARTIES HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

(f) CERTAIN JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF CERTAIN DAMAGES. IF THESE LAWS APPLY TO YOU, SOME OR ALL OF THE ABOVE EXCLUSIONS OR LIMITATIONS MAY NOT APPLY, AND YOU MAY HAVE ADDITIONAL RIGHTS. IN SUCH CASES, THE LIABILITY OF THE BLAC PARTIES SHALL BE LIMITED TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW.

18. Indemnification

(a) To the maximum extent permitted by applicable law, you agree to indemnify, defend, and hold harmless the BLAC Parties from and against any and all claims, demands, actions, suits, proceedings, losses, damages, liabilities, costs, and expenses (including but not limited to reasonable attorneys' fees, expert fees, and court costs) arising out of or related to:

  • (i) Your access to or use of the Services;
  • (ii) Your Digital Asset transactions;
  • (iii) Your violation of these Terms;
  • (iv) Your violation of any applicable law, regulation, or rule;
  • (v) Your violation of any rights of any third party;
  • (vi) Your negligence, willful misconduct, or fraud;
  • (vii) Any tax liability arising from your use of the Services;
  • (viii) Any dispute between you and any third party.

(b) BLAC LABS AB reserves the right, at your expense, to assume the exclusive defense and control of any matter subject to indemnification by you, and you agree to cooperate with our defense of such claims.

(c) This indemnification obligation shall survive the termination of these Terms and your use of the Services.

19. Modifications

19.1. Modifications to the Services

BLAC LABS AB reserves the right, in its sole and absolute discretion, to modify, update, suspend, discontinue, or terminate all or any part of the Services at any time, with or without notice, and without liability to you or any third party.

19.2. Modifications to these Terms

(a) BLAC LABS AB reserves the right to revise these Terms at any time. Any changes will be effective immediately upon posting the updated Terms on our website and/or within the application, with a revised "Last Updated" date. It is your responsibility to review these Terms periodically.

(b) Your continued use of the Services after the posting of revised Terms constitutes your absolute acceptance of and agreement to be bound by the revised Terms.

(c) If you do not agree to the revised Terms, your sole and exclusive remedy is to immediately discontinue your use of the Services and uninstall the Wallet. Because the Wallet is non-custodial, discontinuation does not affect your Digital Assets—you retain full control of your Private Keys and Seed Phrases regardless of whether you continue to use the Services.

20. Termination

(a) You may terminate your use of the Services at any time by uninstalling the Wallet application and ceasing to access the Services. No notice to BLAC LABS AB is required.

(b) BLAC LABS AB may, in its sole discretion, suspend or terminate your access to the Services at any time, for any reason or no reason, with or without notice.

(c) Upon termination, all rights and licenses granted to you under these Terms shall immediately cease. However, your Digital Assets remain under your sole control via your Private Keys and Seed Phrases, as BLAC LABS AB never has access to them.

(d) Sections 4.3, 4.4, 5, 6, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 21 (including 21.3, 21.4, 21.5, 21.7, and 21.8), 22, 23, 24, 25, and 26 shall survive any termination or expiration of these Terms.

21. Governing Law and Dispute Resolution

21.1. Governing Law

These Terms, and any dispute, controversy, or claim arising out of or in connection with these Terms (including their existence, validity, interpretation, performance, breach, or termination), shall be governed by and construed in accordance with the substantive laws of Sweden, without regard to its conflict of law principles or the United Nations Convention on Contracts for the International Sale of Goods (CISG).

21.2. Mandatory Arbitration

Any dispute, controversy, or claim arising out of or in connection with these Terms, or the breach, termination, or invalidity thereof, shall be finally settled by arbitration in accordance with the Rules for Expedited Arbitrations of the Arbitration Institute of the Stockholm Chamber of Commerce (SCC). The following shall apply:

  • (a) The seat of arbitration shall be Stockholm, Sweden.
  • (b) The language of the arbitration shall be English.
  • (c) The arbitral tribunal shall consist of one (1) arbitrator appointed by the SCC.
  • (d) The arbitrator's award shall be final and binding, and judgment upon the award may be entered in any court of competent jurisdiction.
  • (e) Each party shall bear its own costs and attorneys' fees, unless the arbitrator orders otherwise.

21.3. Arbitration Opt-Out

You have the right to opt out of the mandatory arbitration provision in Section 21.2 by sending a written notice of your decision to opt out to hello@blaclabs.io within thirty (30) days of your first use of the Services. Your notice must include your full legal name and an explicit statement that you wish to opt out of mandatory arbitration. No additional documentation is required. If you opt out, you and BLAC LABS AB may resolve disputes in court under the governing law specified in Section 21.1. If you do not opt out within the 30-day period, you shall be bound by the arbitration provision for all disputes arising under these Terms. Opting out of arbitration does not affect any other provision of these Terms.

21.4. Claims Limitation Period

ANY CLAIM OR CAUSE OF ACTION ARISING OUT OF OR RELATED TO THESE TERMS OR THE SERVICES MUST BE COMMENCED WITHIN ONE (1) YEAR AFTER THE CAUSE OF ACTION ACCRUES, OR THE MINIMUM PERIOD PERMITTED BY MANDATORY APPLICABLE LAW IN YOUR JURISDICTION, WHICHEVER IS LONGER. FAILURE TO COMMENCE A CLAIM WITHIN THIS PERIOD SHALL PERMANENTLY AND IRREVOCABLY BAR SUCH CLAIM. THIS LIMITATION APPLIES REGARDLESS OF WHETHER THE CLAIM IS BASED IN CONTRACT, TORT, STATUTE, OR ANY OTHER LEGAL THEORY.

21.5. Class Action and Jury Trial Waiver

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW:

(a) YOU AND BLAC LABS AB AGREE THAT ANY DISPUTE RESOLUTION PROCEEDINGS WILL BE CONDUCTED ONLY ON AN INDIVIDUAL BASIS AND NOT IN A CLASS, CONSOLIDATED, OR REPRESENTATIVE ACTION.

(b) YOU AND BLAC LABS AB EXPRESSLY WAIVE ANY RIGHT TO PARTICIPATE IN A CLASS ACTION, COLLECTIVE ACTION, PRIVATE ATTORNEY GENERAL ACTION, OR ANY OTHER REPRESENTATIVE PROCEEDING.

(c) THE ARBITRATOR MAY NOT CONSOLIDATE MORE THAN ONE PERSON'S CLAIMS, AND MAY NOT OTHERWISE PRESIDE OVER ANY FORM OF A REPRESENTATIVE OR CLASS PROCEEDING, UNLESS BOTH YOU AND BLAC LABS AB SPECIFICALLY AGREE TO DO SO IN WRITING FOLLOWING THE INITIATION OF THE ARBITRATION.

(d) IF FOR ANY REASON A CLAIM PROCEEDS IN COURT RATHER THAN ARBITRATION, BOTH YOU AND BLAC LABS AB WAIVE ANY RIGHT TO A JURY TRIAL.

(e) IF YOU ARE A RESIDENT OF THE EUROPEAN UNION OR THE EUROPEAN ECONOMIC AREA, THIS SECTION SHALL APPLY ONLY TO THE EXTENT PERMITTED BY THE MANDATORY CONSUMER PROTECTION LAWS OF YOUR JURISDICTION. NOTHING IN THESE TERMS SHALL DEPRIVE YOU OF ANY MANDATORY CONSUMER PROTECTION RIGHTS UNDER THE LAWS OF YOUR COUNTRY OF RESIDENCE.

21.6. Exception for Small Claims and Injunctive Relief

Notwithstanding the foregoing, either party may seek injunctive or other equitable relief in any court of competent jurisdiction to prevent the actual or threatened infringement, misappropriation, or violation of intellectual property rights.

21.7. Recovery of Legal Fees

NOTWITHSTANDING SECTION 21.2(E), IN THE EVENT THAT ANY LEGAL ACTION, ARBITRATION, OR OTHER PROCEEDING IS BROUGHT FOR THE ENFORCEMENT OF THESE TERMS, OR BECAUSE OF AN ALLEGED DISPUTE, BREACH, DEFAULT, OR MISREPRESENTATION IN CONNECTION WITH ANY OF THE PROVISIONS OF THESE TERMS, THE SUCCESSFUL OR PREVAILING PARTY SHALL BE ENTITLED TO RECOVER REASONABLE ATTORNEYS' FEES AND OTHER COSTS INCURRED IN THAT ACTION OR PROCEEDING, IN ADDITION TO ANY OTHER RELIEF TO WHICH IT MAY BE ENTITLED. THIS PROVISION IS INTENDED TO DETER FRIVOLOUS LITIGATION AND TO FULLY INDEMNIFY THE PREVAILING PARTY FOR THE COSTS OF DEFENSE.

21.8. Confidentiality of Arbitration

ANY ARBITRATION PROCEEDING, INCLUDING ITS EXISTENCE, CONTENT, SUBMISSIONS, EVIDENCE, ORAL HEARINGS, DELIBERATIONS, AND OUTCOME, SHALL BE STRICTLY PRIVATE AND CONFIDENTIAL. Neither party, nor their counsel, representatives, witnesses, or experts, may disclose any aspect of any arbitration to any third party, the public, the press, or via any medium (including social media, blogs, or any form of electronic publication), without the prior written consent of the other party. Permitted exceptions are strictly limited to: (a) disclosure to a party's legal advisors, accountants, auditors, or insurers under equivalent confidentiality obligations; (b) disclosure required by mandatory applicable law or by a final order of a court of competent jurisdiction; and (c) disclosure strictly necessary to commence court proceedings for the enforcement, recognition, or annulment of an arbitral award. Any unauthorized disclosure shall constitute a material breach of these Terms.

22. Force Majeure

BLAC LABS AB shall not be liable for any delay or failure in performance resulting from causes beyond its reasonable control, including but not limited to: acts of God, natural disasters, epidemics, pandemics, war, armed conflict, terrorism, riots, civil disturbance, embargoes, sanctions, government orders or actions, legislative or regulatory changes, labor disputes, strikes, utility or telecommunications failures, internet outages, Blockchain network failures or congestion, cyberattacks, power outages, fire, flood, earthquake, or any other event of force majeure.

23. Severability

If any provision of these Terms is found by a court or arbitrator of competent jurisdiction to be invalid, illegal, or unenforceable, such provision shall be modified to the minimum extent necessary to make it valid, legal, and enforceable while preserving the original intent of the provision. If such modification is not possible, the provision shall be severed from these Terms. The invalidity, illegality, or unenforceability of any provision shall not affect the validity, legality, or enforceability of the remaining provisions, which shall continue in full force and effect.

24. Waiver and No Course of Dealing

(a) No failure or delay by BLAC LABS AB in exercising any right, power, or remedy under these Terms shall operate as a waiver thereof. No single or partial exercise of any right, power, or remedy shall preclude any other or further exercise thereof or the exercise of any other right, power, or remedy. A waiver of any right or remedy on one occasion shall not be construed as a waiver of any right or remedy on any future occasion.

(b) No course of dealing, course of performance, course of conduct, prior practice, trade usage, custom, tolerance, or non-enforcement between the parties shall be deemed to amend, modify, supplement, qualify, or waive any provision of these Terms. No waiver, amendment, or modification of any provision of these Terms shall be effective unless made in a separate writing signed by an authorized representative of BLAC LABS AB and expressly identified as such. Acceptance, processing, or non-rejection of any communication, payment, or interaction from you shall not constitute, and shall not be construed as, a waiver, amendment, or acceptance of any departure from these Terms.

25. Entire Agreement and Construction

(a) Entire Agreement. These Terms, together with the Privacy Policy and any other documents expressly incorporated herein by reference, constitute the entire agreement between you and BLAC LABS AB with respect to the subject matter hereof and supersede all prior and contemporaneous agreements, proposals, representations, and understandings, whether oral or written, between the parties regarding the same subject matter.

(b) Headings for Convenience Only. The section headings, subsection titles, and other captions in these Terms are inserted for convenience of reference only, do not form part of these Terms, and shall not affect the meaning, construction, or interpretation of any provision.

(c) No Agency or Other Relationship. Nothing in these Terms creates or shall be construed to create any partnership, joint venture, agency, fiduciary, employment, franchise, principal-and-agent, or representative relationship of any kind between you and BLAC LABS AB. You shall not represent yourself as having, or hold yourself out as having, any such relationship with BLAC LABS AB or any of its affiliates.

(d) No Third-Party Beneficiaries. Except as expressly provided in Section 31 with respect to Apple Inc. and Google LLC as third-party beneficiaries, these Terms are solely for the benefit of you and BLAC LABS AB (and the BLAC Parties as defined in Section 17, with respect to the protections afforded to them). No other person, entity, or party shall have any right, remedy, claim, or cause of action under or by reason of these Terms.

26. Assignment

(a) You may not assign, transfer, or delegate any of your rights or obligations under these Terms without the prior written consent of BLAC LABS AB.

(b) BLAC LABS AB may freely assign, transfer, or delegate its rights and obligations under these Terms, in whole or in part, without notice to you or your consent, including in connection with a merger, acquisition, corporate restructuring, or sale of all or substantially all of its assets.

27. Customer Support

Support is provided on a best-effort basis via email at hello@blaclabs.io. We aim to respond within 7 business days but do not guarantee any specific response time or resolution. BLAC LABS AB is not obligated to resolve issues arising from user error, third-party service failures, network congestion, blockchain conditions, or lost seed phrases or private keys.

28. Notices

Any notices required or permitted under these Terms shall be provided by BLAC LABS AB by posting updates on our website or within the application. It is your responsibility to check for updates periodically.

29. Language

These Terms are drafted in the English language. In the event of any conflict between the English version and any translation, the English version shall prevail.

30. EU Consumer Rights Notice

If you are a consumer within the European Union or the European Economic Area, you may have additional mandatory rights under the consumer protection laws of your country of residence that cannot be waived by contract. Nothing in these Terms is intended to limit or exclude any such mandatory rights. To the extent any provision of these Terms conflicts with mandatory consumer protection laws applicable to you, such mandatory laws shall prevail, but only to the minimum extent required.

Right of Withdrawal: The BLAC Wallet is provided entirely free of charge. The core wallet functions (key generation, storage, transaction signing, blockchain interaction) involve no transmission of personal data to BLAC LABS AB. The only personal data BLAC LABS AB receives is the minimal, pseudonymous opt-in notification data described in Section 12, collected solely if you explicitly enable notifications, and deletable at any time by toggling notifications off. Because no contract for payment — whether monetary or in the form of personal data sold or shared — is concluded between you and BLAC LABS AB, the right of withdrawal under Directive 2011/83/EU on Consumer Rights does not apply to your use of the Services. Your Digital Assets remain fully under your control at all times and are unaffected by any termination of your use of the Services. If you are uncertain about your rights, you may contact your national consumer protection authority.

You have the right to lodge a complaint with the European Commission's Online Dispute Resolution platform at https://ec.europa.eu/consumers/odr.

31. App Store & Google Play Disclaimer

(a) Acknowledgment: You acknowledge and agree that these Terms are concluded between you and BLAC LABS AB only, and not with Apple Inc. ("Apple") or Google LLC ("Google"). BLAC LABS AB, not Apple or Google, is solely responsible for the Services and the content thereof.

(b) Scope of License: The license granted to you for the Services is limited to a non-transferable license to use the Services on any Apple-branded products or Android devices that you own or control and as permitted by the Usage Rules set forth in the Apple Media Services Terms and Conditions and the Google Play Terms of Service, respectively.

(c) Maintenance and Support: BLAC LABS AB is solely responsible for providing any maintenance and support services with respect to the Services. You acknowledge that neither Apple nor Google has any obligation whatsoever to furnish any maintenance and support services with respect to the Services.

(d) Warranty: In the event of any failure of the Services to conform to any applicable warranty, you may notify Apple or Google, and they will refund the purchase price (if any) for the Services to you. To the maximum extent permitted by applicable law, Apple and Google will have no other warranty obligation whatsoever with respect to the Services.

(e) Product Claims: You acknowledge that BLAC LABS AB, not Apple or Google, is responsible for addressing any claims of yours or any third party relating to the Services or your possession and/or use of the Services, including, but not limited to: (i) product liability claims; (ii) any claim that the Services fail to conform to any applicable legal or regulatory requirement; and (iii) claims arising under consumer protection, privacy, or similar legislation.

(f) Intellectual Property Rights: You acknowledge that, in the event of any third-party claim that the Services or your possession and use of that Services infringes that third party's intellectual property rights, BLAC LABS AB, not Apple or Google, will be solely responsible for the investigation, defense, settlement, and discharge of any such intellectual property infringement claim.

(g) Third-Party Beneficiary: You acknowledge and agree that Apple and Google, and their respective subsidiaries, are third-party beneficiaries of these Terms. Upon your acceptance of these Terms, Apple and Google will have the right (and will be deemed to have accepted the right) to enforce these Terms against you as a third-party beneficiary thereof.

32. Export Control Compliance

(a) The Services and the software underlying the Services may be subject to export control laws and regulations of Sweden, the European Union, the United Kingdom, the United States, and other jurisdictions. You agree to comply with all applicable export and re-export control laws and regulations.

(b) Specifically, you represent, warrant, and covenant that:

  • (i) You are not located in, or a resident or citizen of, any country or region that is subject to a comprehensive embargo by Sweden, the European Union, or the United States (including, but not limited to, Cuba, Iran, North Korea, Syria, and the Crimea, Donetsk, Luhansk, Kherson, and Zaporizhzhia regions of Ukraine);
  • (ii) You are not identified on any government list of prohibited or restricted parties (such as the OFAC Specially Designated Nationals List or the EU Consolidated List of Sanctions);
  • (iii) You will not use the Services for any purpose prohibited by applicable export control laws, including, without limitation, the development, design, manufacture, or production of nuclear, chemical, or biological weapons, or missile technology.

(c) You acknowledge that the Wallet software contains encryption technology. You are solely responsible for compliance with any local laws in your jurisdiction that may limit your right to import, export, or use encryption software or Digital Assets.

33. MiCA Regulatory Position

(a) Scope Assessment: Regulation (EU) 2023/1114 on Markets in Crypto-Assets ("MiCA") entered into force and became fully applicable in December 2024. BLAC LABS AB has assessed whether MiCA applies to its activities and takes the position that the Services fall outside the scope of MiCA pursuant to Article 2(4) of the Regulation.

(b) Basis for Exemption: The BLAC Wallet is a non-custodial, client-side software application. BLAC LABS AB at no time takes custody, possession, or control of users' Digital Assets, Private Keys, Seed Phrases, or any funds. All cryptographic operations occur exclusively on the user's local device. BLAC LABS AB does not hold, manage, or safeguard Digital Assets on behalf of users. Accordingly, BLAC LABS AB does not consider itself a "crypto-asset service provider" within the meaning of MiCA and has not applied for a CASP licence with any competent authority.

(c) No Guarantee of Position: The application and interpretation of MiCA is subject to ongoing regulatory guidance from the European Securities and Markets Authority (ESMA) and national competent authorities, including Finansinspektionen (Sweden). BLAC LABS AB's regulatory position may be subject to change as such guidance evolves. BLAC LABS AB monitors regulatory developments and reserves the right to adjust its operations and these Terms accordingly.

(d) Not Financial Services: Nothing in this Section shall be construed as BLAC LABS AB providing any regulated financial service, investment service, or crypto-asset service as defined under MiCA or any other applicable financial services legislation.

Contact Us

If you have any questions, concerns, or inquiries regarding these Terms, please contact us at:

BLAC LABS AB Email: hello@blaclabs.io Website: https://blaclabs.io