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Founder Note | Your Collateral Remains Protected
November 3, 2026
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apxlending.com
A MESSAGE FROM ANDREI POLIAKOV | FOUNDER & CEO
An important update.
Your collateral remains protected.
Dear APX Clients,
Following the confirmed security incident involving Binance, I want to personally reassure you that APX has no exposure to Binance, and the custody of your collateral is unaffected.
While incidents like this understandably raise questions about the security of digital assets, safeguarding client collateral has always been central to how we've built APX, and that commitment remains unchanged.
HOW YOUR COLLATERAL IS PROTECTED
Segregated cold storage
with BitGo Trust
Your collateral is held in segregated cold storage with BitGo Trust, with up to $250 million in aggregate custody insurance.1
Never lent, reused
or rehypothecated
Your collateral is never lent out, reused or used to generate yield.
Visible and verifiable
on-chain, 24/7
You can view your collateral in the APX app and verify it on-chain whenever you choose.
APX is independently SOC 2 audited.
A REMINDER ABOUT YOUR LTV
While your collateral custody is unaffected, market volatility can impact your loan-to-value ratio (LTV). You can check your current LTV in the APX app and reduce it by adding collateral or repaying part of your outstanding balance.
80%
LTV notification
We send an automated notification at 80% LTV.
90%
Partial liquidation
Under our 90/85 Standard, enough collateral is sold to reset LTV near 85%.
~85%
Target LTV
Reset to approximately 85% LTV, with no liquidation fees or spread.
WE'RE HERE FOR YOU
If you have any questions or concerns, please contact us at support@apxlending.com and we will respond as soon as possible.
Thank you for your continued trust in APX.
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Andrei Poliakov
Founder & CEO, APX Lending
This article is for general informational purposes only and does not constitute financial, investment, tax or legal advice. Cryptocurrency-backed loans involve risks, including the potential loss of collateral through liquidation. Borrowers should review their loan agreements and assess their financial circumstances before borrowing.
