{"id":3602,"date":"2024-10-01T09:49:08","date_gmt":"2024-10-01T07:49:08","guid":{"rendered":"https:\/\/wigl.fr\/?page_id=3602"},"modified":"2026-07-29T10:27:30","modified_gmt":"2026-07-29T08:27:30","slug":"avertissement-sur-les-risques","status":"publish","type":"page","link":"https:\/\/wigl.fr\/en\/avertissement-sur-les-risques\/","title":{"rendered":"Risks warning"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"3602\" class=\"elementor elementor-3602\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-416a9d26 e-flex e-con-boxed e-con e-parent\" data-id=\"416a9d26\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-85b8122 elementor-widget elementor-widget-heading\" data-id=\"85b8122\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Comprendre les risques associ\u00e9s aux services de Blockchain Process Security<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4a8c0731 elementor-widget elementor-widget-text-editor\" data-id=\"4a8c0731\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW53593965 BCX0\" lang=\"FR-FR\" xml:lang=\"FR-FR\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW53593965 BCX0\" data-ccp-parastyle=\"heading 1\">Le pr\u00e9sent document a pour objet de vous informer des principaux risques associ\u00e9s aux services propos\u00e9s par Blockchain Process Security, notamment en mati\u00e8re d\u2019achat, de vente, de conversion de crypto-actifs et d\u2019acc\u00e8s \u00e0 des services de rendement en finance d\u00e9centralis\u00e9e (\u00ab DeFi \u00bb). Cette information ne pr\u00e9tend pas \u00eatre exhaustive. Avant d\u2019utiliser nos services, vous devez lire attentivement l\u2019ensemble des informations mises \u00e0 votre disposition et vous assurer que vous comprenez les risques associ\u00e9s aux crypto-actifs et \u00e0 la DeFi.<\/span><\/span><span class=\"EOP Selected SCXW53593965 BCX0\" data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:280,&quot;335559739&quot;:160}\">\u00a0<\/span><\/p><h3><strong><span class=\"TextRun SCXW220599449 BCX0\" lang=\"FR-FR\" xml:lang=\"FR-FR\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW220599449 BCX0\" data-ccp-parastyle=\"heading 1\">1. Risques g\u00e9n\u00e9raux li\u00e9s aux crypto-actifs<\/span><\/span><\/strong><\/h3><p>Les crypto-actifs pr\u00e9sentent des risques importants, tels que :<\/p><ul><li aria-setsize=\"-1\" data-leveltext=\"\u2022\" data-font=\"Symbol\" data-listid=\"8\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u2022&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Risques \u00e9conomiques :<\/span><\/b><span data-contrast=\"auto\">\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:40,&quot;335559739&quot;:80,&quot;335559740&quot;:290}\">\u00a0<\/span><\/li><\/ul><ul><li style=\"list-style-type: none;\"><ul><li aria-setsize=\"-1\" data-leveltext=\"o\" data-font=\"Courier New\" data-listid=\"8\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:1440,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Courier New&quot;,&quot;469769242&quot;:[9675],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;o&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"2\"><span data-contrast=\"auto\">Les crypto-actifs sont soumis \u00e0 une forte volatilit\u00e9 et ne conviennent pas \u00e0 de nombreux investisseurs\u202f;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:40,&quot;335559739&quot;:80,&quot;335559740&quot;:290}\">\u00a0<\/span><\/li><\/ul><\/li><\/ul><ul><li style=\"list-style-type: none;\"><ul><li aria-setsize=\"-1\" data-leveltext=\"o\" data-font=\"Courier New\" data-listid=\"8\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:1440,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Courier New&quot;,&quot;469769242&quot;:[9675],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;o&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"2\"><span data-contrast=\"auto\">Il existe un risque de perte en capital lors de l\u2019investissement dans des crypto-actifs. L\u2019investissement dans des crypto-actifs peut entra\u00eener des pertes qui affectent votre situation financi\u00e8re personnelle. Les crypto-actifs ne sont pas couverts par le m\u00e9canisme de garantie des d\u00e9p\u00f4ts du Fonds de Garantie des D\u00e9p\u00f4ts et de R\u00e9solution. Vous devez \u00eatre conscient de vos limites et ne pas investir plus que ce que vous pouvez vous permettre de perdre.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:40,&quot;335559739&quot;:80,&quot;335559740&quot;:290}\">\u00a0<br \/><\/span><span data-contrast=\"auto\">Vous \u00eates seul responsable de vos d\u00e9cisions d\u2019investissement. BPS ne peut \u00eatre tenu responsable des pertes r\u00e9sultant de vos d\u00e9cisions.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:720,&quot;335559738&quot;:40,&quot;335559739&quot;:80,&quot;335559740&quot;:290}\">\u00a0<br \/><\/span><\/li><\/ul><\/li><\/ul><div>\u00a0<\/div><ul><li aria-setsize=\"-1\" data-leveltext=\"\u2022\" data-font=\"\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u2022&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Risques technologiques et cybers\u00e9curit\u00e9 :\u00a0<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:40,&quot;335559739&quot;:80,&quot;335559740&quot;:290}\">\u00a0<\/span><\/li><\/ul><ul><li style=\"list-style-type: none;\"><ul><li aria-setsize=\"-1\" data-leveltext=\"o\" data-font=\"Courier New\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:1440,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Courier New&quot;,&quot;469769242&quot;:[9675],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;o&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"2\"><b><span data-contrast=\"auto\">Attaques informatiques :<\/span><\/b><span data-contrast=\"auto\">\u00a0les crypto-actifs, les protocoles blockchain, les smart contracts, les plateformes d\u2019\u00e9change, les solutions de conservation et les protocoles de finance d\u00e9centralis\u00e9e peuvent \u00eatre la cible d\u2019attaques informatiques, susceptibles de retarder les transactions ou d\u2019entra\u00eener une perte partielle ou totale des crypto-actifs.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:40,&quot;335559739&quot;:80,&quot;335559740&quot;:290}\">\u00a0<\/span><\/li><\/ul><\/li><\/ul><ul><li style=\"list-style-type: none;\"><ul><li aria-setsize=\"-1\" data-leveltext=\"o\" data-font=\"Courier New\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:1440,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Courier New&quot;,&quot;469769242&quot;:[9675],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;o&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"2\"><b><span data-contrast=\"auto\">Risques logiciels et vuln\u00e9rabilit\u00e9s techniques :<\/span><\/b><span data-contrast=\"auto\">\u00a0des bugs, erreurs de code, d\u00e9faillances ou vuln\u00e9rabilit\u00e9s affectant les protocoles blockchain, les smart contracts, les plateformes ou les services utilis\u00e9s peuvent perturber le traitement des transactions, compromettre la s\u00e9curit\u00e9 des crypto-actifs ou entra\u00eener des pertes.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:40,&quot;335559739&quot;:80,&quot;335559740&quot;:290}\">\u00a0<\/span><\/li><\/ul><\/li><\/ul><ul><li style=\"list-style-type: none;\"><ul><li aria-setsize=\"-1\" data-leveltext=\"o\" data-font=\"Courier New\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:1440,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Courier New&quot;,&quot;469769242&quot;:[9675],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;o&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"2\"><b><span data-contrast=\"auto\">Compromission des cl\u00e9s priv\u00e9es :<\/span><\/b><span data-contrast=\"auto\">\u00a0la perte, le vol ou la compromission de cl\u00e9s priv\u00e9es, d\u2019identifiants ou de moyens d\u2019acc\u00e8s peut rendre impossible l\u2019acc\u00e8s aux crypto-actifs concern\u00e9s ou permettre leur transfert frauduleux.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:40,&quot;335559739&quot;:80,&quot;335559740&quot;:290}\">\u00a0<\/span><\/li><\/ul><\/li><\/ul><ul><li style=\"list-style-type: none;\"><ul><li aria-setsize=\"-1\" data-leveltext=\"o\" data-font=\"Courier New\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:1440,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Courier New&quot;,&quot;469769242&quot;:[9675],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;o&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"2\"><b><span data-contrast=\"auto\">Malware :<\/span><\/b><span data-contrast=\"auto\">\u00a0des programmes malveillants peuvent compromettre vos \u00e9quipements, intercepter des informations sensibles, modifier des adresses de destination ou permettre l\u2019acc\u00e8s frauduleux \u00e0 vos crypto-actifs.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:40,&quot;335559739&quot;:80,&quot;335559740&quot;:290}\">\u00a0<\/span><\/li><\/ul><\/li><\/ul><ul><li style=\"list-style-type: none;\"><ul><li aria-setsize=\"-1\" data-leveltext=\"o\" data-font=\"Courier New\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:1440,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Courier New&quot;,&quot;469769242&quot;:[9675],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;o&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"5\" data-aria-level=\"2\"><b><span data-contrast=\"auto\">Obsolescence technologique<\/span><\/b><span data-contrast=\"auto\">\u00a0: L\u2019\u00e9volution rapide des technologies peut rendre certains actifs obsol\u00e8tes.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:40,&quot;335559739&quot;:80,&quot;335559740&quot;:290}\">\u00a0<\/span><\/li><\/ul><\/li><\/ul><ul><li style=\"list-style-type: none;\"><ul><li aria-setsize=\"-1\" data-leveltext=\"o\" data-font=\"Courier New\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:1440,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Courier New&quot;,&quot;469769242&quot;:[9675],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;o&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"6\" data-aria-level=\"2\"><b><span data-contrast=\"auto\">Disponibilit\u00e9 des services :<\/span><\/b><span data-contrast=\"auto\">\u00a0des interruptions, suspensions, pannes ou indisponibilit\u00e9s temporaires des services, plateformes, r\u00e9seaux ou protocoles utilis\u00e9s peuvent limiter ou emp\u00eacher l\u2019acc\u00e8s \u00e0 vos actifs ou l\u2019ex\u00e9cution d\u2019op\u00e9rations.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:40,&quot;335559739&quot;:80,&quot;335559740&quot;:290}\">\u00a0<\/span><\/li><\/ul><\/li><\/ul><ul><li style=\"list-style-type: none;\"><ul><li aria-setsize=\"-1\" data-leveltext=\"o\" data-font=\"Courier New\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:1440,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Courier New&quot;,&quot;469769242&quot;:[9675],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;o&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"7\" data-aria-level=\"2\"><b><span data-contrast=\"auto\">Congestion du r\u00e9seau :<\/span><\/b><span data-contrast=\"auto\">\u00a0un afflux important de transactions peut ralentir le traitement des op\u00e9rations, entra\u00eener des d\u00e9lais d\u2019ex\u00e9cution et augmenter les frais de r\u00e9seau.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:40,&quot;335559739&quot;:80,&quot;335559740&quot;:290}\">\u00a0<\/span><\/li><\/ul><\/li><\/ul><ul><li style=\"list-style-type: none;\"><ul><li aria-setsize=\"-1\" data-leveltext=\"o\" data-font=\"Courier New\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:1440,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Courier New&quot;,&quot;469769242&quot;:[9675],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;o&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"8\" data-aria-level=\"2\"><b><span data-contrast=\"auto\">Forks de blockchain<\/span><\/b><span data-contrast=\"auto\"><span data-contrast=\"auto\"> : Des modifications majeures dans le protocole blockchain peuvent entra\u00eener une volatilit\u00e9 et des pertes potentielles.<\/span><\/span><\/li><\/ul><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u2022\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u2022&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Risques r\u00e9glementaires <\/span><\/b><ul><li aria-setsize=\"-1\" data-leveltext=\"\u2022\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u2022&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\">Le cadre r\u00e9glementaire europ\u00e9en applicable aux crypto-actifs, notamment le r\u00e8glement (UE) 2023\/1114 dit \u00ab MiCA \u00bb, est entr\u00e9 en application progressive et impose aux prestataires de services sur crypto-actifs (PSCA) des exigences renforc\u00e9es en mati\u00e8re de transparence, de gouvernance, de protection des avoirs des clients et d\u2019information pr\u00e9contractuelle. BPS s\u2019inscrit dans cette dynamique r\u00e9glementaire et adapte ses dispositifs d\u2019information et de conformit\u00e9 en cons\u00e9quence.<\/li><li aria-setsize=\"-1\" data-leveltext=\"\u2022\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u2022&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><em data-renderer-mark=\"true\">BPS est agr\u00e9\u00e9e par l\u2019Autorit\u00e9 des march\u00e9s financiers en tant Prestataire de Services sur Crypto Actifs (\u00ab <span class=\"acronym-highlight\">PSCA<\/span> \u00bb) sous le num\u00e9ro A2026-029 pour les services suivants : conservation et administration de Crypto-actifs pour le compte de Clients, \u00e9change de Crypto-actifs contre des fonds, \u00e9change de Crypto-actifs contre d\u2019autres Crypto-actifs, ex\u00e9cution d\u2019ordres sur Crypto-actifs pour le compte de Clients, gestion de portefeuille de Crypto-actifs, et transfert de Crypto-actifs pour le compte de Clients.<\/em><\/li><li aria-setsize=\"-1\" data-leveltext=\"\u2022\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u2022&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\">La r\u00e9glementation sur les crypto-actifs \u00e9volue rapidement. Les changements l\u00e9gislatifs peuvent affecter la valeur de vos investissements et la faisabilit\u00e9 de certaines activit\u00e9s.<span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559685&quot;:720,&quot;335559738&quot;:40,&quot;335559739&quot;:80,&quot;335559740&quot;:290}\">\u00a0<\/span><\/li><\/ul><\/li><\/ul><p><!-- \/wp:paragraph --><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b455932 elementor-widget elementor-widget-text-editor\" data-id=\"b455932\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3><strong><span class=\"TextRun SCXW145529355 BCX0\" lang=\"FR-FR\" xml:lang=\"FR-FR\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW145529355 BCX0\" data-ccp-parastyle=\"heading 1\">2.<\/span><\/span><span class=\"TextRun SCXW145529355 BCX0\" lang=\"FR-FR\" xml:lang=\"FR-FR\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW145529355 BCX0\" data-ccp-parastyle=\"heading 1\">\u00a0Focus sur les risques de s\u00e9curit\u00e9 des crypto-actifs<\/span><\/span><\/strong><\/h3><p><span data-contrast=\"auto\">Les crypto-actifs sont confront\u00e9s \u00e0 des menaces de s\u00e9curit\u00e9 qui les rendent particuli\u00e8rement vuln\u00e9rables. Parmi ces menaces, on trouve le phishing, qui consiste en des escroqueries destin\u00e9es \u00e0 obtenir des informations confidentielles par des m\u00e9thodes frauduleuses. Il y a \u00e9galement l\u2019ing\u00e9nierie sociale, qui utilise des techniques manipulatrices pour tromper les utilisateurs afin d\u2019obtenir des informations sensibles.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:60,&quot;335559739&quot;:120,&quot;335559740&quot;:300}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Un autre risque est l\u2019usurpation d\u2019identit\u00e9, o\u00f9 des individus utilisent frauduleusement les informations d\u2019autrui pour acc\u00e9der \u00e0 leurs actifs. Les ransomwares repr\u00e9sentent \u00e9galement une menace, car ces logiciels malveillants peuvent verrouiller vos donn\u00e9es et exiger une ran\u00e7on pour les d\u00e9bloquer.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:60,&quot;335559739&quot;:120,&quot;335559740&quot;:300}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">De plus, le cryptojacking est une pratique o\u00f9 des pirates utilisent votre ordinateur \u00e0 votre insu pour miner des crypto-actifs, ce qui peut ralentir vos syst\u00e8mes. Par ailleurs, la perte ou le vol d\u2019un portefeuille num\u00e9rique peut rendre impossible la r\u00e9cup\u00e9ration de vos actifs.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:60,&quot;335559739&quot;:120,&quot;335559740&quot;:300}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Il est \u00e9galement important de noter que la perte de cl\u00e9s priv\u00e9es peut entra\u00eener l\u2019impossibilit\u00e9 d\u2019acc\u00e9der aux actifs qui y sont associ\u00e9s. Les attaques de type clipboard hijacking manipulent l\u2019adresse de crypto-actifs copi\u00e9e, transf\u00e9rant ainsi des actifs vers le compte d\u2019un pirate sans que l\u2019utilisateur ne s\u2019en rende compte. Enfin, le crypto dusting consiste en l\u2019envoi de petites quantit\u00e9s d\u2019actifs pour identifier les propri\u00e9taires des portefeuilles et compromettre leur anonymat.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:60,&quot;335559739&quot;:120,&quot;335559740&quot;:300}\">\u00a0<\/span><\/p><p><!-- \/wp:paragraph --><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e8c123a elementor-widget elementor-widget-text-editor\" data-id=\"e8c123a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3><strong><span class=\"TextRun SCXW240769631 BCX0\" lang=\"FR-FR\" xml:lang=\"FR-FR\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW240769631 BCX0\" data-ccp-parastyle=\"heading 1\">3. Risques sp\u00e9cifiques li\u00e9s aux services<\/span><\/span><\/strong><\/h3><p aria-level=\"2\"><b><span data-contrast=\"auto\">3.1. Achat<\/span><\/b><b><span data-contrast=\"none\">, vente et conversion de crypto-actifs<\/span><\/b><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:220,&quot;335559739&quot;:120}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Les services d\u2019achat, de vente et de conversion de crypto-actifs exposent l\u2019utilisateur aux principaux risques suivants :<\/span><span data-ccp-props=\"{&quot;134233117&quot;:true,&quot;134233118&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/p><ul><li aria-setsize=\"-1\" data-leveltext=\"\u2022\" data-font=\"\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u2022&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Risque de volatilit\u00e9 :\u00a0<\/span><\/b><span data-contrast=\"auto\">la valeur des crypto-actifs peut varier fortement, y compris sur de tr\u00e8s courtes p\u00e9riodes. Vous pouvez subir une perte partielle ou totale du montant engag\u00e9. Les performances pass\u00e9es ne pr\u00e9jugent pas des performances futures.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:40,&quot;335559739&quot;:80,&quot;335559740&quot;:290}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u2022\" data-font=\"\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u2022&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Risque de liquidit\u00e9 :\u00a0<\/span><\/b><span data-contrast=\"auto\">certains crypto-actifs peuvent \u00eatre difficiles \u00e0 acheter, vendre ou convertir dans des conditions satisfaisantes, notamment en cas de faible volume de march\u00e9, de forte volatilit\u00e9 ou de perturbation des plateformes ou protocoles utilis\u00e9s.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:40,&quot;335559739&quot;:80,&quot;335559740&quot;:290}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u2022\" data-font=\"\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u2022&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Risque d\u2019ex\u00e9cution :\u00a0<\/span><\/b><span data-contrast=\"auto\">le prix effectivement appliqu\u00e9 \u00e0 une op\u00e9ration peut diff\u00e9rer du prix affich\u00e9 ou estim\u00e9 au moment de l\u2019ordre, notamment en raison des variations de march\u00e9, des d\u00e9lais de traitement, des frais applicables ou de l\u2019indisponibilit\u00e9 temporaire d\u2019un service tiers.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:40,&quot;335559739&quot;:80,&quot;335559740&quot;:290}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u2022\" data-font=\"\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u2022&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"5\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Risque li\u00e9 aux frais :\u00a0<\/span><\/b><span data-contrast=\"auto\">les op\u00e9rations peuvent donner lieu \u00e0 des frais, commissions, \u00e9carts de prix ou frais de r\u00e9seau susceptibles de r\u00e9duire le montant re\u00e7u ou la performance de l\u2019op\u00e9ration.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:40,&quot;335559739&quot;:80,&quot;335559740&quot;:290}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u2022\" data-font=\"\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u2022&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"6\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Risque d\u2019erreur ou d\u2019incompatibilit\u00e9 technique :\u00a0<\/span><\/b><span data-contrast=\"auto\">une erreur dans le choix du crypto-actif, du r\u00e9seau, de l\u2019adresse de destination ou des modalit\u00e9s de transaction peut entra\u00eener la perte irr\u00e9versible des crypto-actifs concern\u00e9s.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:40,&quot;335559739&quot;:80,&quot;335559740&quot;:290}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u2022\" data-font=\"\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u2022&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"7\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Risque de fraude ou d\u2019origine illicite des fonds :\u00a0<\/span><\/b><span data-contrast=\"auto\">des escroqueries, usurpations d\u2019identit\u00e9 ou op\u00e9rations frauduleuses peuvent exister. Vous devez faire preuve de vigilance quant \u00e0 l\u2019origine, la destination et l\u2019usage des crypto-actifs que vous achetez, vendez ou convertissez.<br \/><\/span>\u00a0<\/li><\/ul><p aria-level=\"2\"><b><span data-contrast=\"auto\">3<\/span><\/b><b><span data-contrast=\"none\">.2. Finance d\u00e9centralis\u00e9e (DeFi)\u00a0<\/span><\/b><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:220,&quot;335559739&quot;:120}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Le service commercialement d\u00e9nomm\u00e9 \u00ab DeFi \u00bb ou \u00ab Staking DeFi \u00bb est fourni par BPS exclusivement dans le cadre d&rsquo;un mandat de gestion individuel de crypto-actifs (art. 3, \u00a71, point 16) i) du r\u00e8glement (UE) 2023\/1114 dit \u00ab MiCA \u00bb). BPS s\u00e9lectionne les protocoles DeFi et d\u00e9finit les strat\u00e9gies d&rsquo;allocation\u00a0au sein de trois mandats distincts (USDC, EURC, ETH). Le client ne s\u00e9lectionne pas les protocoles : il choisit le mandat correspondant \u00e0 son profil d&rsquo;investisseur, tel qu&rsquo;\u00e9tabli par le test d&rsquo;ad\u00e9quation pr\u00e9alable. BPS agit de mani\u00e8re discr\u00e9tionnaire dans les limites du mandat souscrit et est soumise \u00e0 une obligation de moyens, et non de r\u00e9sultats.<\/span><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/p><p><span style=\"font-size: 1rem;\" data-contrast=\"auto\">Le terme \u00ab staking DeFi \u00bb historiquement utilis\u00e9 dans certains supports ne d\u00e9signe pas un staking au sens du consensus de validation d&rsquo;une blockchain, mais un rendement g\u00e9n\u00e9r\u00e9 par des protocoles de finance d\u00e9centralis\u00e9e (pr\u00eat, fourniture de liquidit\u00e9, yield farming). Le rendement servi au client n&rsquo;est pas garanti contractuellement ; il s&rsquo;agit d&rsquo;un rendement cible variable, exprim\u00e9 en taux annuel (APR), susceptible d&rsquo;\u00e9voluer selon les conditions de march\u00e9.<\/span><span style=\"font-size: 1rem;\" data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/p><p><span data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><b style=\"font-size: 1rem;\"><span data-contrast=\"auto\">BPS est responsable de :<\/span><\/b><span style=\"font-size: 1rem;\" data-contrast=\"auto\">\u00a0la s\u00e9lection et la validation pr\u00e9alable des protocoles DeFi sur la base d&rsquo;une grille d&rsquo;analyse interne (TVL, audits de s\u00e9curit\u00e9, niveau de d\u00e9centralisation, liquidit\u00e9, gouvernance) ; la d\u00e9finition et l&rsquo;ex\u00e9cution des strat\u00e9gies d&rsquo;allocation au sein de chaque mandat ; la conservation des crypto-actifs des clients (via Fireblocks)<\/span><span style=\"font-size: 1rem;\" data-contrast=\"none\">,\u00a0<\/span><span style=\"font-size: 1rem;\" data-contrast=\"auto\">y compris lorsque ces crypto-actifs sont allou\u00e9s aux strat\u00e9gies de finance d\u00e9centralis\u00e9e\u00a0; la r\u00e9alisation du test d&rsquo;ad\u00e9quation pr\u00e9alable \u00e0 l&rsquo;entr\u00e9e en relation ; et la fourniture d&rsquo;un compte rendu de gestion mensuel au client.<\/span><span style=\"font-size: 1rem;\" data-ccp-props=\"{&quot;335551550&quot;:6,&quot;335551620&quot;:6}\">\u00a0<\/span><\/p><p><b style=\"font-size: 1rem;\"><span data-contrast=\"auto\">Le client accepte :<\/span><\/b><span style=\"font-size: 1rem;\" data-contrast=\"auto\">\u00a0que les d\u00e9cisions d&rsquo;allocation et de s\u00e9lection des protocoles soient prises de mani\u00e8re autonome par BPS dans les limites du mandat souscrit ; que les rendements ne soient pas garantis et d\u00e9pendent des conditions de march\u00e9 ; que les risques \u00e9conomiques inh\u00e9rents aux protocoles DeFi utilis\u00e9s par BPS restent \u00e0 sa charge en tant que porteur \u00e9conomique des actifs confi\u00e9s.<\/span><span style=\"font-size: 1rem;\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:40,&quot;335559739&quot;:80,&quot;335559740&quot;:290}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">BPS assume la responsabilit\u00e9 de la conservation des crypto-actifs qui lui sont confi\u00e9s \u00e0 tout moment de l\u2019ex\u00e9cution du mandat de gestion, y compris lorsque ces crypto-actifs sont allou\u00e9s aux strat\u00e9gies de finance d\u00e9centralis\u00e9e. BPS conserve en permanence la ma\u00eetrise des moyens d\u2019acc\u00e8s (cl\u00e9s) et le contr\u00f4le des op\u00e9rations d\u2019entr\u00e9e et de retrait sur les protocoles. La soci\u00e9t\u00e9 Fireblocks intervient exclusivement en qualit\u00e9 de fournisseur technique de l\u2019infrastructure de conservation et de signature, sans endosser la qualit\u00e9 de conservateur des crypto-actifs.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:40,&quot;335559739&quot;:80,&quot;335559740&quot;:290}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Cette responsabilit\u00e9 de conservation est distincte des risques \u00e9conomiques et techniques inh\u00e9rents aux protocoles de finance d\u00e9centralis\u00e9e. BPS r\u00e9pond des pertes de crypto-actifs ou de moyens d\u2019acc\u00e8s r\u00e9sultant d\u2019un incident qui lui est imputable ; les pertes r\u00e9sultant d\u2019\u00e9v\u00e9nements \u00e9chappant \u00e0 son contr\u00f4le, notamment la d\u00e9faillance des protocoles DeFi, demeurent \u00e0 la charge du client en sa qualit\u00e9 de porteur \u00e9conomique des actifs.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:40,&quot;335559739&quot;:80,&quot;335559740&quot;:290}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Les strat\u00e9gies de finance d\u00e9centralis\u00e9e (\u00ab DeFi \u00bb) exposent l\u2019utilisateur aux risques suivants\u202f:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:40,&quot;335559739&quot;:80,&quot;335559740&quot;:290}\">\u00a0<\/span><\/p><ul><li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Risques de liquidit\u00e9<\/span><\/b><span data-contrast=\"auto\">\u00a0: Les actifs mis en jeu peuvent \u00eatre illiquides et vous ne pourrez peut-\u00eatre pas les retirer facilement.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:40,&quot;335559739&quot;:80,&quot;335559740&quot;:290}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u2022\" data-font=\"\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u2022&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"8\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Risque de protocoles<\/span><\/b><span data-contrast=\"auto\">\u00a0: Les bugs ou failles de s\u00e9curit\u00e9 dans les protocoles DeFi peuvent entra\u00eener des pertes.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:40,&quot;335559739&quot;:80,&quot;335559740&quot;:290}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u2022\" data-font=\"\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u2022&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"9\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Risque de smart contract<\/span><\/b><span data-contrast=\"auto\">\u00a0: Les protocoles DeFi reposent sur des contrats intelligents (smart contracts) dont le code peut contenir des vuln\u00e9rabilit\u00e9s exploitables par des acteurs malveillants. La survenance d\u2019une exploitation peut entra\u00eener une perte partielle ou totale des fonds d\u00e9ploy\u00e9s sur le protocole concern\u00e9, sans recours possible compte tenu de la nature non-custodiale et d\u00e9centralis\u00e9e de ces protocoles.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:40,&quot;335559739&quot;:80,&quot;335559740&quot;:290}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u2022\" data-font=\"\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u2022&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"10\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Risque de\u00a0d\u00e9peg\u00a0des\u00a0stablecoins<\/span><\/b><span data-contrast=\"auto\">\u00a0: Les stablecoins (notamment USDC, EURC) sont des crypto-actifs destin\u00e9s \u00e0 maintenir une parit\u00e9 avec une monnaie fiduciaire. Cette parit\u00e9 peut \u00eatre temporairement ou durablement perdue (ph\u00e9nom\u00e8ne dit de \u00ab d\u00e9peg \u00bb) en cas de d\u00e9faillance de l\u2019\u00e9metteur, de perte de confiance du march\u00e9, de gel des r\u00e9serves sous-jacentes, ou de difficult\u00e9 de rachat. Un d\u00e9peg significatif peut g\u00e9n\u00e9rer une perte sur les positions concern\u00e9es.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:40,&quot;335559739&quot;:80,&quot;335559740&quot;:290}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u2022\" data-font=\"\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u2022&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"11\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Risque de bridge et d\u2019interop\u00e9rabilit\u00e9<\/span><\/b><span data-contrast=\"auto\">\u00a0:\u00a0Le d\u00e9ploiement d\u2019une strat\u00e9gie sur une blockchain distincte de la cha\u00eene d\u2019origine d\u2019un actif peut impliquer l\u2019utilisation de ponts inter-cha\u00eenes (bridges). Ces ponts ont historiquement constitu\u00e9 une cible privil\u00e9gi\u00e9e d\u2019attaques informatiques, dont la mat\u00e9rialisation peut entra\u00eener la perte des actifs transitant par leur interm\u00e9diaire.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:40,&quot;335559739&quot;:80,&quot;335559740&quot;:290}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u2022\" data-font=\"\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u2022&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"12\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Risque de gouvernance des protocoles<\/span><\/b><span data-contrast=\"auto\">\u00a0: Les protocoles DeFi sont g\u00e9n\u00e9ralement gouvern\u00e9s par des organisations d\u00e9centralis\u00e9es (DAO) ou par leurs d\u00e9veloppeurs. Des d\u00e9cisions de gouvernance d\u00e9favorables, des conflits internes, ou des modifications unilat\u00e9rales de param\u00e8tres \u00e9conomiques (taux, frais, plafonds) peuvent affecter le rendement et le profil de risque des positions.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:40,&quot;335559739&quot;:80,&quot;335559740&quot;:290}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u2022\" data-font=\"\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u2022&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"13\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Risque de variation des taux de march\u00e9<\/span><\/b><span data-contrast=\"auto\">\u00a0: Les rendements bruts g\u00e9n\u00e9r\u00e9s par les strat\u00e9gies DeFi d\u00e9pendent des taux d\u2019int\u00e9r\u00eat observ\u00e9s sur les march\u00e9s du pr\u00eat en stablecoins et de la performance des pools de liquidit\u00e9. Ces taux peuvent fluctuer significativement, et le rendement servi au client peut en cons\u00e9quence diminuer, voire devenir nul sur certaines p\u00e9riodes.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:40,&quot;335559739&quot;:80,&quot;335559740&quot;:290}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u2022\" data-font=\"\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u2022&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"14\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Risque op\u00e9rationnel de gestion<\/span><\/b><span data-contrast=\"auto\">\u00a0: Les strat\u00e9gies DeFi sont activement g\u00e9r\u00e9es par les \u00e9quipes de BPS. Une erreur op\u00e9rationnelle, une d\u00e9cision d\u2019allocation inappropri\u00e9e, ou un d\u00e9faut de r\u00e9activit\u00e9 face \u00e0 un \u00e9v\u00e9nement de march\u00e9 peut affecter la performance des positions et g\u00e9n\u00e9rer une perte.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:40,&quot;335559739&quot;:80,&quot;335559740&quot;:290}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u2022\" data-font=\"\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u2022&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"15\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Risque de perte impermanente (impermanent loss)<\/span><\/b><span data-contrast=\"auto\">\u00a0: Les strat\u00e9gies de fourniture de liquidit\u00e9 sur des pools exposent \u00e0 un risque sp\u00e9cifique de perte impermanente. Ce risque se mat\u00e9rialise lorsque les cours relatifs des actifs composant le pool divergent significativement les uns des autres : la valeur globale de la position en pool peut alors devenir inf\u00e9rieure \u00e0 la valeur qu\u2019aurait repr\u00e9sent\u00e9e une d\u00e9tention passive des m\u00eames actifs dans leurs proportions initiales. Cette perte de valeur relative, qualifi\u00e9e d\u2019\u00ab\u00a0impermanente \u00bb parce qu\u2019elle peut th\u00e9oriquement se r\u00e9sorber si les cours reviennent \u00e0 leurs niveaux d\u2019origine, devient en pratique d\u00e9finitive d\u00e8s lors que la position est retir\u00e9e du pool dans une configuration de march\u00e9 d\u00e9favorable. Sur certaines p\u00e9riodes, le rendement effectivement per\u00e7u peut \u00eatre partiellement ou totalement absorb\u00e9 par une perte impermanente non compens\u00e9e, voire g\u00e9n\u00e9rer une performance globale n\u00e9gative malgr\u00e9 la perception nominale des frais et des r\u00e9compenses.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559738&quot;:40,&quot;335559739&quot;:80,&quot;335559740&quot;:290}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u2022\" data-font=\"\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u2022&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"16\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Absence de garantie de capital et de rendement<\/span><\/b><span data-contrast=\"auto\">\u00a0: Aucun m\u00e9canisme de garantie du capital ou du rendement n\u2019est associ\u00e9 aux services de rendement DeFi. Le client accepte express\u00e9ment que les actifs allou\u00e9s \u00e0 ces services soient expos\u00e9s aux risques inh\u00e9rents \u00e0 la DeFi et aux protocoles accessibles via BPS,\u00a0notamment les risques de smart contract, de d\u00e9peg, de bridge, de variation de taux, de perte impermanente et de perte int\u00e9grale. BPS assume la responsabilit\u00e9 de son p\u00e9rim\u00e8tre d\u2019intervention, notamment la s\u00e9lection pr\u00e9alable des protocoles accessibles sur la plateforme, l\u2019information fournie au client et la mise \u00e0 disposition de l\u2019interface. Les pertes r\u00e9sultant de la mat\u00e9rialisation de ces risques sont support\u00e9es par le client, sauf lorsqu\u2019elles r\u00e9sultent d\u2019une faute, d\u2019un manquement, d\u2019une n\u00e9gligence ou d\u2019une d\u00e9faillance imputable \u00e0 BPS.<\/span><\/li><\/ul><p><!-- \/wp:paragraph --><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Comprendre les risques associ\u00e9s aux services de Blockchain Process Security Le pr\u00e9sent document a pour objet de vous informer des principaux risques associ\u00e9s aux services propos\u00e9s par Blockchain Process Security, notamment en mati\u00e8re d\u2019achat, de vente, de conversion de crypto-actifs et d\u2019acc\u00e8s \u00e0 des services de rendement en finance d\u00e9centralis\u00e9e (\u00ab DeFi \u00bb). Cette information [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_wpcom_ai_launchpad_about_page":false,"_wpcom_ai_launchpad_gallery_page":false,"_wpcom_ai_launchpad_contact_page":false,"_wpcom_ai_launchpad_events_page":false,"_wpcom_ai_launchpad_video_page":false,"_wpcom_ai_launchpad_portfolio_piece":false,"footnotes":""},"class_list":["post-3602","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Avertissement sur les risques - Wigl<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wigl.fr\/en\/avertissement-sur-les-risques\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Avertissement sur les risques - Wigl\" \/>\n<meta property=\"og:description\" content=\"Comprendre les risques associ\u00e9s aux services de Blockchain Process Security Le pr\u00e9sent document a pour objet de vous informer des principaux risques associ\u00e9s aux services propos\u00e9s par Blockchain Process Security, notamment en mati\u00e8re d\u2019achat, de vente, de conversion de crypto-actifs et d\u2019acc\u00e8s \u00e0 des services de rendement en finance d\u00e9centralis\u00e9e (\u00ab DeFi \u00bb). 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