Source: Arkham Intelligence. Snapshot 2026-04-21 at 16:37 UTC.
No third-party on-chain verification is currently available for this operator.
Not clustered by Arkham Intelligence. Razed launched in mid-2024 on an Anjouan licence. The site has paid every test cashout in our testing, but the absence of third-party on-chain verification means the check is operational, not structural.
Absence of a wallet cluster is not a verdict on solvency. It means Arkham's analysts have not yet linked Razed's hot and cold wallets to its public entity tag. Operators can and do remain solvent without appearing in these dashboards. What you lose is third-party verification, not the operator.
For operators without clustered reserves, weight the other inputs harder. Test payouts, licensing, dispute history, and operator track record all matter more when the chain receipts are missing. Our full review covers each of those.