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04.10 - 20:15
UK watchdog warns consumers of dealings with FTX
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finextra.comAlmost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised or registered by the regulator."This firm is not authorised by us and is targeting people in the UK," states the FCA. "You will not have access to the Financial Ombudsman Service or be protected by the Financial Services Compensation Scheme (FSCS), so you are unlikely to get your money back if things go wrong."FTX in January raised $400 million in a Series C funding round that valued the cryptocurrency exchange operator at $32 billion.
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