Hong Kong's SFC issues warning on suspicious investment products linked to FLOKI and TOKEN. ⚠️🆘🔥
Hong Kong's Securities and Futures Commission (SFC) issues a cautionary warning on meme coins, specifically targeting FLOKI.
The SFC deems FLOKI and TOKEN projects as "suspicious" investments, expressing concerns about associated staking programs with annual returns of 30% to over 100%.
Despite attempts to justify, the SFC has not approved Floki and TokenFi staking programs, emphasizing the need for investor caution in the evolving crypto landscape.
