Justin Sun's Poloniex added to UK regulator warning list | Protos
The UK’s finance watchdog, the Financial Conduct Authority ( FCA ), has publicly warned users that Justin Sun ’s crypto exchange Poloniex is operating unauthorized. As such, financial laws don’t protect traders using the platform, the FCA warned on Wednesday. The financial watchdog already added Justin Sun’s HTX and KuCoin to its warning list in October, along with 138 other crypto firms. “[Poloniex] may be promoting financial services or products without our permission,” the FCA alert said. “You should avoid dealing with this firm.” Seychelles-based Poloniex was one of three entities owned by Sun to recently fall victim to a suspicious hack — ever since Sun’s friend, former Binance chief Changpeng Zhao (CZ), pled guilty to criminal charges. The unknown hacker stole $114 million from Poloniex, $30 million from HTX, and $87 million from the HECO bridge. Circle emphasizes that Justin Sun is not sanctioned… yet Read...