Statement from Zodia Custody regarding ethical standards in the digital asset industry

Julian Sawyer, CEO, Zodia Custody, said:

“We are a company driven by the core values of good governance, transparency, and integrity. As such, we pride ourselves on working with like-minded entities who share this commitment to excellence.

“Over the last few days, a number of clients, exchanges and other market participants have spoken to us to share their concerns over the much-publicised event last week, initially reported by the Financial Times. We share these concerns.

“We have today taken steps to ensure all our partners align with our values, respect and trust. This includes ceasing the partnership with Copper, effective immediately.

“Upholding the culture of the digital asset industry is a collective responsibility in which every market participant has a role to play. It is therefore our responsibility to withdraw from relationships where these mutual values are not practiced.”