UK financial regulator warns against FTX exchange

The United Kingdom's Financial Conduct Authority issued a warning that FTX is not authorized by them, but is targeting consumers in the UK. "Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised or registered by us," they wrote in the announcement, noting that FTX is not. Because of this, "you are unlikely to get your money back if things go wrong".

A spokesperson from FTX said they believed that "a scammer is impersonating FTX", which they said they thought led to the warning. However, that statements in the warning are accurate: FTX is not registered with the FCA, and they serve UK customers.