The UK Financial Conduct Authority (FCA) issued a warning against pump.fun, a memecoin creation platform running on the Solana network.
According to him statement released by the regulatory bodythe company “is not authorized by us and targets people in the United Kingdom,” while warning users that investing in assets through pump.fun could involve scam risks.
The warning issued by the FCA clarifies that, in the event that the company goes bankrupt, the user is unlikely to get their money back.
In that framework, The pump.fun team blocked UK users from entering the platform.
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“Our systems have detected that you are in the United Kingdom. In accordance with UK laws and regulations, this site is currently not available to users in the UK. If you have cryptocurrencies deposited in the private wallet, follow this link that will allow you to withdraw your cryptocurrencies,” was the message that users encountered.
The message encountered by UK pump.fun users. Source: Screenshot from the pump.fun site.
As CriptoNoticias reported, pump.fun It is a platform that allows you to create memecoins without the need to have prior knowledge. It stands out for its simple and intuitive interface.
According to data from Dune Analyticssince its market launch in February 2024, 4.3 million tokens were created, generating revenue of $386 million.
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