Hong Kong SFC warns of high-risk unauthorized crypto staking programs

The Hong Kong Securities and Futures Commission (SFC) has issued a public warning regarding two investment products affiliated with the Floki ecosystem, the “Floki Staking Program” and the “TokenFi Staking Program.” These programs, which promise annualized returns ranging from 30% to over 100%, have been flagged as unauthorized by the SFC. SFC’s concerns over unauthorized…