TechFlow reports that on December 17, the UK Financial Conduct Authority (FCA) issued a warning stating that Retardio, a Solana-based meme coin project, is suspected of providing financial services without authorization. The FCA emphasized that users of this project will not be protected by the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS).
The regulator advised investors to avoid engaging with the project and warned of potential fraud risks associated with its social media accounts.
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