FCA, a financial regulator in the UK distances itself from Justin Sun's Poloniex and warns crypto users in the UK to shun the exchange. Details (plus thumbnail source) in the next threads below:
#threadstorm #outreach #crypto
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FCA, a financial regulator in the UK distances itself from Justin Sun's Poloniex and warns crypto users in the UK to shun the exchange. Details (plus thumbnail source) in the next threads below:
#threadstorm #outreach #crypto
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Recall that Poloniex was recently allegedly hacked and millions of dollars worth of crypto stolen. There is suspicion in the crypto community that Sun or his team are the internal conspirators. Hence, it is not surprising to see the FCA take this step.
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Justin Sun already has a very bad reputation in the space. If many are afraid of or suspecting his antics, they are probably right. Read more about this action by the FCA in the link below:
https://www.fca.org.uk/news/warnings/poloniex-polo-digital-assets-ltd-poloniexcom-poloniexorg
Justin and all that he is associated with should be avoided but his tokens are increasing in value recently. But why?
He is a manipulator. With all the money at his disposal, he knows how to buy the markets.