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Bloomberg
The UK’s Financial Conduct Authority (FCA) published a warning to consumers about Sam Bankman-Fried’s crypto exchange FTX, saying it isn’t authorised by the regulator to offer financial services or products in the country.
The regulator said on its website that Bahamas-based FTX “is targeting people in the UK,†adding that investors are “unlikely to get your money back if things go wrong†since they won’t be protected by the country’s ombudsman service and compensation scheme.
The FCA previously issued a similar warning about Binance, another major global crypto exchange, and its activities in the UK. Dozens of regulators around the world later put out similar statements about Binance.
A spokesperson for FTX said the firm is aware of the notice, but added that the FCA had listed an incorrect phone number for the exchange. “We’re looking into it and communicating with regulators; we believe that a scammer is impersonating FTX,†the spokesperson said.