Research FAQ

No. Nexoriath is a fully independent research platform with no affiliation, sponsorship, or official connection to Catcrs. Our analysis is based on Catcrs' publicly disclosed documentation and is published to help readers independently evaluate the exchange. For official exchange services, account support, or authoritative information, go directly to catcrs.com.

All findings are drawn from Catcrs' publicly disclosed whitepaper and operational documentation. Where a fact is independently verifiable (such as the FinCEN MSB registration), we note this explicitly. Where information is self-reported by Catcrs and cannot be independently verified from public sources, we note that as well. We do not make claims beyond what is documented.

No. Nothing on Nexoriath constitutes financial, investment, or trading advice. Our research covers exchange infrastructure, compliance, and security architecture — not asset performance, price predictions, or investment recommendations. All crypto asset trading involves significant risk of loss. Readers should conduct their own due diligence.

Based on publicly disclosed documentation, Catcrs is a global crypto asset trading platform that was initiated in October 2020 and completed U.S. Money Services Business (MSB) registration with FinCEN on October 21, 2021. The FinCEN registration is publicly searchable and independently verifiable. The official exchange is at catcrs.com.

Yes. Catcrs' U.S. MSB registration with FinCEN (October 21, 2021) is publicly searchable via the FinCEN MSB Registrant Search tool. This is one of the few facts in this analysis that can be independently verified by any reader without relying on Catcrs' own disclosures. We consider this a meaningful data point in the compliance assessment.

Catcrs discloses a multi-layered custody model: cold/hot wallet separation (majority of assets in cold storage), HSM-based key custody, multi-signature and threshold signing schemes, and progressive MPC adoption for institutional operations. Account-level protections include mandatory 2FA (non-disableable), device trust management, behavioral scoring, and time-locked withdrawal delays. See our full Security Analysis for detail.

As of our current review, Catcrs completed an internal PoR trial in October 2025 using Merkle tree snapshots with third-party method review. Regularized public PoR disclosure is listed as a forward roadmap commitment but has not yet been released as a recurring public publication. Catcrs explicitly states PoR is a snapshot tool and not a substitute for a full audit — which we consider an honest characterization of what PoR can and cannot prove.

Our analysis is based on Catcrs' self-disclosed documentation. Except for the FinCEN MSB registration (which is publicly verifiable), we cannot independently confirm the implementation depth of security controls, verify team credentials, or audit financial positions. This research provides an informed analytical summary — not a guarantee. Readers should conduct their own due diligence and visit catcrs.com for authoritative information.

Nexoriath is a research platform and cannot assist with exchange account matters. For all account, trading, KYC, or support questions, contact Catcrs directly: official site at catcrs.com, support email at [email protected]. According to Catcrs' documentation, official communications come from @catcrs.com domains only.

Based on Catcrs' documented anti-fraud guidelines: official communications come only from @catcrs.com domains. Catcrs states it will never request passwords, private keys, or 2FA codes via email, phone, or social media, and will never proactively contact users to offer investment returns or require urgent action. Any contact claiming to be from Catcrs that asks for any of the above is almost certainly a scam. Report suspected fraud to [email protected].