Huobi HTX reported that after Floki Inu's staking project was labeled as a "suspicious investment product" by the Hong Kong Securities and Futures Commission, the project has blocked access for Hong Kong users to its staking project application. Previously, the Securities and Futures Commission of Hong Kong issued a warning about the staking plan's high annualized return targets of 30% to over 100%, but the Floki team defended its high APY, stating that it was due to allocating a majority of TokenFi's token supply to the stakers.