The UK's Financial Conduct Authority (FCA) recently issued a warning stating that the Meme coin project Retardio within the Solana ecosystem is suspected of providing financial services without authorization. The FCA pointed out that users participating in the project will not be able to access financial complaint services and the protections of the financial services compensation scheme.
The regulator advises investors to exercise caution and avoid interacting with the project. At the same time, the FCA reminds everyone to be aware of potential scam risks associated with its social media accounts. Investors need to remain vigilant and ensure the safety of their assets when venturing into the cryptocurrency space.🔍💼