PNG Import

I’m trying to import a PNG but the import fails with:
LogCore: PNG has complex alpha channel, will not fill RGB in transparent background

I thought that alpha channel is the whole point of using PNGs. Why does the import fail? Does UE5 not support transparency???

It does. There’s something wrong with the PNG export you’re using. Either pixelformat or transparency fill. Have a look at the export options of the software you’re using.