Floki has formally responded to the Hong Kong SFC’s recent warning, reiterating their commitment to compliance across jurisdictions and explaining the rationale behind their staking program’s high returns.
Cryptocurrency Project Floki Counters Hong Kong SFC’s Warning
In a detailed blog post dated Jan. 29, Floki, the team behind the dog-themed memecoin, addressed the recent warning from the Hong Kong Securities and Futures Commission (SFC) regarding its staking programs. The SFC had earlier labeled Floki and Tokenfi Staking Programs as “suspicious investment products,” cautioning users against their high promised returns.
We just published a response to the Hong Kong SFC’s notice about the Floki and TokenFi staking programs.
Our response highlights our thoughts about their notice, why $FLOKI and $TOKEN can sustainably have an impressively high APY, and our plans going forward!… pic.twitter.com/YfpnnDMhfq
— FLOKI (@RealFlokiInu) January 29, 2024
Floki’s response was a b

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