Fabric Blockchain Labs, Inc. ("Company," "we," "us," or "our"), the developer of Zipper, a decentralized asset-wrapping platform on the Fabric blockchain, is committed to safeguarding your privacy. This Privacy Policy explains our practices regarding the collection, use, sharing, and protection of your information when you use Zipper’s services ("Services"). As a decentralized and non-custodial platform, Zipper collects minimal data, primarily for compliance and security purposes. By using Zipper, you agree to the terms outlined in this policy.
1. Information We Collect
- Wallet Addresses: When you connect a non-custodial wallet (e.g., MetaMask, Coinbase Wallet) to Zipper, we collect your wallet address to:
- Enable asset deposits and the minting of Zipped Assets.
- Perform compliance screening against the U.S. Office of Foreign Assets Control (OFAC) sanctions list using TRM Labs.
- IP Addresses: We may collect your IP address to:
- Implement access controls, such as IP-based blocking, if required by law or for operational reasons.
- Monitor and prevent platform abuse.
2. How We Use Your Information
- Compliance: Wallet addresses are screened through TRM Labs to ensure compliance with OFAC sanctions and prevent illicit activity.
- Security and Access Control: IP addresses may be used to restrict access from certain regions or to protect against malicious behavior, maintaining the platform’s integrity.
- Service Operation: Wallet addresses are essential for processing deposits, minting Zipped Assets, and interacting with the Fabric blockchain.
3. Data Sharing and Third-Party Services
- TRM Labs: Wallet addresses are shared with TRM Labs for OFAC compliance screening. TRM Labs processes this data solely for this purpose and does not retain or repurpose it.
- Blockchain Networks: As a decentralized platform, your wallet address and transaction details are recorded on the Fabric blockchain and other supported blockchains (e.g., Bitcoin, Ethereum). This data is publicly accessible due to the nature of blockchain technology, which is beyond our control.
4. Data Retention
- Wallet Addresses: Retained temporarily during compliance screening and transaction processing. Once these processes are complete, we do not store your wallet address.
- IP Addresses: Retained only for the duration of your session or as required for access control enforcement. Long-term storage of IP logs is not maintained.
5. Your Rights
- Wallet Address Screening: If your wallet address is flagged during OFAC screening, access to Zipper may be denied. You can contact us (see Section 9) for clarification, though we cannot modify blockchain data or reverse transactions.
- IP Address: If you believe your IP address was incorrectly blocked, you may reach out to request a review.
6. Security of Your Information
- Blockchain Security: Transactions are protected by the Fabric blockchain’s cryptographic protocols and consensus mechanisms.
- Compliance Screening: Wallet addresses are transmitted to TRM Labs using industry-standard encryption.
- No Centralized Storage: We avoid maintaining centralized databases of user information, minimizing breach risks.
7. International Users
Zipper is available globally, but access may be restricted in certain regions via IP blocking due to legal or operational requirements. By using Zipper, you confirm compliance with your local laws. We do not guarantee the legality of Zipper in your jurisdiction.
8. Changes to This Privacy Policy
We may revise this Privacy Policy to reflect changes in our practices or legal obligations. Updates will be posted, with the "Last Updated" date revised accordingly. Your continued use of Zipper after such changes signifies your acceptance of the updated policy.
9. Contact Us
For questions or concerns about this Privacy Policy, please contact:
Fabric Blockchain Labs, Inc.
2980 NE 207th St, Suite 336
Aventura, FL 33180
Email: [insert email]
