Hong Kong Securities and Futures Commission: The public needs to be wary of suspicious cryptocurrency investment products “Floki Staking Program” and

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Cointime2024/01/26 09:55

By:Cointime

The Hong Kong Securities and Futures Commission has warned the public to be cautious of two suspicious cryptocurrency-related products named "Floki Staking Program" and "TokenFi Staking Program". The two products involve cryptocurrency staking services and claim to provide high-level annualized returns of 30% to over 100%. These two products have not been approved by the Securities and Futures Commission for public sale in Hong Kong, and their managers have not been able to demonstrate to the Securities and Futures Commission how these products achieve their high-level annualized return targets. The Securities and Futures Commission has noted that the Hong Kong public can view these two products and their related information on the internet, and therefore on January 26, 2024, the Securities and Futures Commission will publish these two products and their related information on the suspicious investment product alert webpage.

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