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    <p>The UK’s finance watchdog, the Financial Conduct Authority (<a rel="dofollow" title="FCA" href="https://thebittimes.com/tag/fca.html">FCA</a>), has publicly warned users that <a rel="dofollow" title="Justin Sun" href="https://thebittimes.com/tag/justin-sun.html">Justin Sun</a>’s crypto exchange <a rel="dofollow" title="Poloniex" href="https://thebittimes.com/tag/poloniex.html">Poloniex</a> is operating unauthorized.</p> 
    <p>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.</p> 
    <p>“[Poloniex] may be promoting financial services or products without our permission,” the FCA alert said. “You should avoid dealing with this firm.”</p> 
    <p>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.</p> 
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       Circle emphasizes that Justin Sun is not sanctioned… yet
      </blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Circle emphasizes that Justin Sun is not sanctioned… yet” — Protos" src="https://protos.com/circle-emphasizes-that-justin-sun-is-not-sanctioned-yet/embed/#?secret=pgV5punuVI#?secret=EnDYw9jAlV" data-secret="EnDYw9jAlV" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe> 
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    <p><em>Read more: HTX hacked week after Poloniex — now Justin Sun only posts as AI</em></p> 
    <p>Since CZ’s settlement with the Department of Justice, Sun has been acting odd on social media. The crypto entrepreneur has exclusively posted AI-enhanced videos of himself that are clearly pre-recorded — prompting some users to suspect Sun was really behind the hacks on his own exchanges as part of his final exit.</p> 
    <p>Alonng with <a rel="dofollow" title="Poloniex" href="https://thebittimes.com/tag/poloniex.html">Poloniex</a> and HTX, the <a rel="dofollow" title="FCA" href="https://thebittimes.com/tag/fca.html">FCA</a> has also recently warned against Bitfinex, Tether’s sister company.</p> 
    <p><em>Got a tip? Send us an email or ProtonMail. For more informed news, follow us on&nbsp;X,&nbsp;</em><em>Instagram</em><em>,&nbsp;</em><em>Bluesky</em><em>, and&nbsp;</em><em>Google News</em><em>, or subscribe to our&nbsp;</em><em>YouTube</em><em>&nbsp;channel.</em></p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/justin-sun-s-poloniex-added-to-uk-regulator-warning-list-protos-tbt72912.html">https://thebittimes.com/justin-sun-s-poloniex-added-to-uk-regulator-warning-list-protos-tbt72912.html</a></p>

Justin Sun's Poloniex added to UK regulator warning list | Protos

TheBitTimes

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