Floki, the cryptocurrency project behind the popular dog-themed memecoin, has publicly addressed the recent warning issued by the Hong Kong Securities and Futures Commission (SFC).

In a comprehensive response published on their blog on January 29, the Floki team emphasised their dedication to adhering to regulatory standards across various jurisdictions.

They offered a thorough explanation of their staking program, which has been noted for its high returns, detailing the mechanisms and financial strategies underpinning this aspect of their platform.

Through this communication, Floki aims to clarify their position and operations in the face of regulatory scrutiny, reaffirming their commitment to compliance and transparency in the rapidly evolving cryptocurrency landscape.