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Risk Disclosure Statement

Status: PUBLISHED · reviewed by an AI legal-review panel 2026-07-11; licensed-counsel review completed per owner sign-off 2026-07-25 (the August 7, 2026 amendments are engineering compliance revisions that post-date that counsel review and have not yet been reviewed by counsel; counsel re-review is tracked on the Operator's worklist) · Version: 1.2 · Effective date: 2026-06-19 · Last updated: August 7, 2026

This is a published legal document, but it is not itself legal advice. This Disclosure is a good-faith, standard-form statement that has been reviewed by an AI legal-review panel and by licensed legal counsel engaged by Operator (counsel review completed per owner sign-off 2026-07-25; the amendments dated August 7, 2026 post-date that review). It is not itself legal advice. Nothing in this document asserts, and it must not be read as asserting, any license, registration, authorization, or regulatory status that Operator does not in fact hold.

Service: Hunter Killer (the "Service") · operated by Irishman Management LLC ("Operator", "we", "us")


Read this before you trade

Trading crypto-assets and crypto-derivatives is not suitable for every person. You should read and understand this Risk Disclosure Statement (this "Disclosure") before opening any position, before depositing funds with any exchange, and before using the Service to inform any trading decision.

This Disclosure is modeled on industry risk-disclosure practice for high-risk trading products, adapted for the crypto context. It does not make Hunter Killer a regulated futures broker, an investment advisor, or any other regulated entity, and nothing in this Disclosure should be read as such a representation.

This Disclosure supplements, and is incorporated by reference into, the Terms of Service and Privacy Policy. Capitalized terms not defined here have the meaning given in the Terms of Service. If any term of this Disclosure conflicts with the Terms of Service, the Terms of Service govern, except where this Disclosure is expressly stated to control.

You assume all risk of loss. We do not guarantee any outcome. You can lose some or all of the capital you allocate to crypto trading, and in leveraged trading you can in some cases lose more than your initial margin.

1 · What the Service is, and what it is not

Hunter Killer is a crypto liquidation-intelligence and manual-trade-discipline software platform, delivered as a hosted web application (a Progressive Web App). It is a decision-support and analytics tool. We provide, among other things:

1.1 The Service is not investment advice

Nothing the Service produces or displays (including any analytics, score, label, magnet, level, chart, alert, ranking, or commentary) constitutes:

You alone decide what trades to place, how much capital to allocate, what leverage to use, and what risk to accept. We are not a broker, dealer, investment advisor, commodity trading advisor, futures commission merchant, exchange, money transmitter, or fiduciary in any jurisdiction. We do not manage accounts, exercise discretion over your capital, or owe you any fiduciary duty.

1.2 We do not custody funds, pool capital, or trade for you

We do not custody, hold, receive, or control your funds or assets. We do not pool, commingle, or aggregate user capital, and we do not operate any collective investment vehicle. We do not trade on your behalf autonomously. You connect your own accounts at third-party exchanges using your own API credentials, your funds remain at those exchanges at all times, and any order is initiated by you and executed on your own connected exchange account using your own credentials. A live customer execution terminal is not offered as of the Effective Date; where order-placement functionality is offered, it operates only against your own connected exchange account under your control and direction. You are the principal to every trade; we are never a counterparty to your trades.

1.3 The Service is software, not a managed product

Your access to the Service is a software subscription. It does not entitle you to any return, yield, distribution, or share of any trading result, and it is not an investment in any market position. See Section 12 ("You are not investing in Hunter Killer").

2 · Crypto trading is high-risk

2.1 Volatility

Crypto markets can move 5–20% in hours, and single-day drawdowns of 30% or more have occurred multiple times in market history. These figures are historical and illustrative, not predictive. Prices can gap, halt, or become illiquid without warning. Adverse moves can be sudden, large, and irreversible.

2.2 Leverage amplifies losses

Most crypto-derivatives venues offer leverage (commonly 5x to 100x). Leverage multiplies both gains and losses. At 25x leverage, a move of roughly 4% or less against your position can liquidate it, and because liquidation is triggered before your full margin is consumed (maintenance margin and fees are deducted first), the actual liquidating move is typically smaller than the simple inverse of your leverage. You can lose your entire margin rapidly, and in some circumstances you can lose more than your initial margin if the venue cannot close positions fast enough during extreme volatility. Negative-balance protection, if any, varies by exchange and is not guaranteed.

2.3 Liquidation cascades

When prices move sharply, automated liquidations of leveraged positions can compound the move, producing cascades. The Service's liquidation analytics and liquidation-levels model surface where such liquidity and cascades may concentrate, but these outputs are probabilistic estimates, not deterministic predictions or guarantees. See Sections 3 and 4.

2.4 Funding-rate decay

Perpetual contracts charge or pay funding (typically every 8 hours) based on the gap between the perpetual and spot prices. Holding a position against the prevailing funding rate erodes capital even if the underlying price does not move against you. Funding rates can spike during stress events.

2.5 24/7 markets and connectivity

Crypto markets do not close. Adverse moves can occur while you sleep, are at work, travel, or have intermittent connectivity. The Service can attempt to alert you, but it cannot guarantee that you will receive, see, or be able to act on an alert in time. See Section 10.

2.6 Exchange counterparty risk

Your funds reside at third-party exchanges (which may include Bybit, OKX, Deribit, Coinbase, Hyperliquid, and others). These exchanges are independent of Operator, and we do not control, audit, or guarantee them. Risks include, without limitation:

We do not custody your funds and we cannot recover, restore, or reimburse them if an exchange fails or restricts access. You bear sole responsibility for selecting reputable exchanges and managing concentration and counterparty risk.

2.7 Smart-contract and on-chain risk (DeFi / cross-chain)

If you use the Service to inform trades on decentralized exchanges, perpetual DEXs, or cross-chain bridges, you are additionally exposed to smart-contract bugs, oracle failures, governance attacks, MEV/front-running, sequencer downtime, and bridge exploits, any of which can cause total loss of capital with no recourse.

2.8 Slippage and execution risk

Markets can move between the time you decide to trade, the time an order is submitted, and the time it fills. Any slippage, depth, or execution-cost estimate shown by the Service is an estimate only; actual execution may differ materially. Stop-loss, take-profit, and conditional orders are not guaranteed to fill at the trigger price (or at all) during fast, gapping, or illiquid markets, and may fill at materially worse prices.

3 · The validated analytic: liquidation-levels / magnet model

The empirically validated product within the Service is the calibrated liquidation-levels (magnet) model.

Treat the liquidation-levels output as one probabilistic input to your own analysis, not as a signal to trade.

4 · The Engine Read is comprehension/context, not a directional prediction

The Engine Read is a market-comprehension view, not a directional forecast and not a buy/sell signal. Its purpose is to summarize what is true now about market structure (funding, open interest, positioning/crowding, regime, and the validated liquidation levels described in Section 3), to support your own judgment.

You must understand the following, which is material:

5 · Algorithmic, model, and AI-analytics limitations

The Service's analytics (including the liquidation-levels model, the Engine Read, calibration metrics, rankings, and any AI- or statistics-derived output) are software models built on historical and live data. They are inherently limited and can be wrong:

6 · Past performance is not indicative of future results

Backtests, walk-forward harness outputs, calibration histories, reach-rates, hit-rates, and historical equity or performance figures are not predictive of future performance. Market regimes change; an approach that worked in a trending market may fail in a choppy one. The Service distinguishes empirically validated outputs (with documented calibration) from exploratory or un-validated outputs; treat un-validated outputs, and all historical figures, with appropriate skepticism. Hypothetical and simulated results have inherent limitations and do not reflect actual trading.

Hypothetical-results legend (CFTC Rule 4.41-style). The following legend (modeled on the hypothetical-performance disclosure standard in U.S. CFTC Regulation 17 C.F.R. § 4.41(b)) applies to every hypothetical, simulated, backtested, walk-forward, illustrative, "what-if," or counterfactual figure the Service displays, including any Discipline Coach counterfactual (for example, an estimate of how your own past trades would have resolved under a hypothetical stop-loss rule). Operator uses this legend as a matter of disclosure discipline; using it is not a representation that Operator is a registered commodity trading advisor, and it does not change what the Service is or is not (see Section 3):

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, BECAUSE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

7 · Regulatory landscape and jurisdictional eligibility

Crypto and crypto-derivatives regulation varies by jurisdiction and is rapidly evolving. By way of general (non-exhaustive, non-advisory) summary as of the Effective Date:

This summary is general information, not legal advice, and may be incomplete or out of date. We do not represent or warrant that the Service, or your use of any underlying exchange or product, is lawful in your jurisdiction. We may restrict or block access from any jurisdiction, including by geographic or IP-based restrictions, at our sole discretion and without notice. You are solely responsible for ensuring that your use of the Service and of any underlying exchange complies with all laws applicable to you, including your eligibility to access any venue or product. Access to the Service is void where prohibited. See the eligibility terms in the Terms of Service.

8 · Tax implications

Crypto trading generates taxable events in most jurisdictions. The Service may offer data-export tooling to assist your record-keeping where such tooling is available, but we are not tax advisors and we do not provide tax advice. You are responsible for determining and meeting your own tax obligations and should consult a qualified tax professional in your jurisdiction.

9 · Security of your exchange API keys and credentials

You connect the Service to your exchange accounts using your own API keys.

10 · Operational risks of the Service itself

11 · Beta status

The Service is offered in beta as of the Effective Date.

Beta status does not reduce your responsibility for your trading decisions or your exposure to the risks described here. Provisional analytics are labelled as such; trade accordingly. The separate Beta Participant Agreement governs additional beta-specific terms.

12 · You are not investing in Hunter Killer

Subscribing to the Service is a software-as-a-service purchase. You are NOT:

Your subscription fee buys access to the dashboard and analytics for the subscription period. It does not entitle you to any share of platform revenue, profit, assets, or any trading result.

13 · Subscription, billing, and cancellation

The Service offers a Pro tier and a Founding Desk tier, plus a free no-account public preview and a free read-only "Preview & after-trial" access level (the Founding Desk tier is identified as "institutional" in billing; monthly, quarterly, and yearly prepaid intervals are offered). The prices, billing intervals, and automatic-renewal amounts that apply to you are those clearly displayed on the Pricing page and on the checkout screen at the time you subscribe. That point-of-sale amount is the binding charge. (For reference, as of the Last updated date above the Pro tier is $79/month and the Founding Desk tier is $200/month; the current figures on the Pricing page and at checkout govern in the event of any difference.) Tier features are described on the Pricing page and may change with notice as set out in the Terms of Service.

Paid subscriptions are billed in advance for the billing interval you select through our payment processor (Stripe) and renew automatically until cancelled. Before we collect any payment method, the checkout screen clearly and conspicuously states, adjacent to the payment button, that your plan renews automatically, the renewal amount and interval, the renewal frequency, and how to cancel, and obtains your affirmative consent to those automatic-renewal terms; after purchase we email you an acknowledgment repeating those terms and the cancellation method. You may cancel at any time; cancellation stops future renewals and your paid access continues through the end of the then-current billing period. A prorated refund is available within 30 days of your first charge; after 30 days, fees are non-refundable. Full refund, cancellation, and chargeback terms are set out in the Terms of Service, which govern.

14 · Acknowledgment

By creating an account or using the Service, you acknowledge and agree that:

If you do not understand or do not accept any of the above, do not use the Service.

15 · Dispute resolution

Disputes relating to the Service, including disputes arising out of or relating to this Disclosure, are governed by the dispute-resolution terms of the Terms of Service, which provide for a 30-day informal negotiation period followed by binding arbitration administered by the American Arbitration Association under its Consumer Arbitration Rules, with a class-action waiver, seated in Broward County, Florida. Please refer to the Terms of Service for the complete dispute-resolution terms, governing law, and any limitations that apply.

16 · Contact

Questions about this Risk Disclosure: support@hunterkiller.io Privacy inquiries: privacy@hunterkiller.io

Operator legal entity: Irishman Management LLC Registered address: 1931 Cordova Rd., Fort Lauderdale, FL 33316 Governing law: State of Florida (see the Terms of Service for governing-law and dispute-resolution terms).


Last updated: August 7, 2026 — deep worldwide compliance assessment + red-team revision (Version 1.2; engineering compliance review, post-dates the 2026-07-25 counsel review): §7 "Other jurisdictions" bullet expanded (mainland China prohibition on crypto-asset trading, Hong Kong SFC licensing, retail leveraged-product restrictions; availability ≠ lawfulness); §11 beta bullet reconciled to the live no-card-at-signup flow (no charge possible without payment details on file). Prior (July 25, 2026): licensed-counsel review completed per owner sign-off; status lines updated (Version 1.1). Prior (July 18, 2026): pricing + tier reconciliation: §13 Pro reference price updated to the operative $79/month (2026-07-18 repricing; point-of-sale governs); Free tier reference replaced with the free public preview + "Preview & after-trial" access level; §11 beta bullet reconciled to the operative flow (card required to start, nothing charged during beta, converts at beta/trial end unless cancelled, email before any charge). Prior (July 11, 2026): AI legal-review-panel revision: status reconciled from DRAFT to PUBLISHED (Version 1.0), with an honest AI-panel-reviewed / licensed-counsel-recommended framing (no representation that a licensed attorney has signed off); §13 Pro price corrected from the stale $50/month to the operative $39/month and de-hard-coded so the binding amount is the point-of-sale figure on the Pricing page and checkout; §13 auto-renewal disclosure expanded to commit to clear-and-conspicuous checkout-screen renewal terms adjacent to the payment button, affirmative consent, and a post-purchase email acknowledgment (ROSCA / CA-ARL alignment). Prior (July 4, 2026) revision: §7 United States bullet expanded with venue-eligibility warning (covered offshore venues do not lawfully serve US retail); §7 United Kingdom bullet expanded with the FCA PS20/10 retail crypto-derivatives ban and FSMA s21 non-inducement statement; §11 beta comp corrected to at-signup/no-card/no-auto-conversion; §13 tier naming (Founding Desk) and billing intervals aligned with the Terms of Service and Pricing page.

Operated by Irishman Management LLC · 1931 Cordova Rd., Fort Lauderdale, FL 33316