The UK’s Financial Conduct Authority(FCA) has listed SBF’s crypto-exchange FTX as an ‘unauthorized firm’ claiming that it operates without registration.
FCA has said that the firm is not authorized by the body and is targeting people in the UK.
The FCA has warned potential customers that they won’t be able to get their money back or seek the protection of the Financial Services Compensation Scheme and not have access to the Financial Ombudsman Service “if things go wrong”.
In August, digital asset exchange Crypto.com had secured a registration from the FCA to operate in the UK.
