The meme coin Floki has restricted Hong Kong users from accessing its staking program.

ChainCatcher news, according to The Block, the Hong Kong Securities and Futures Commission issued a warning last Friday regarding the meme coin Floki, labeling its high-yield staking products as suspicious and unauthorized.

The Floki team responded by stating that it offers high returns by allocating most of the token supply to stakers. The current team has taken measures to prevent Hong Kong users from accessing the Floki and TokenFi staking programs.

Additionally, Floki has halted its offline marketing activities in Hong Kong ahead of its planned launch in December 2023.

It is reported that both the Floki staking program and the TokenFi staking program claim to offer annual returns of 30% to over 100%.