Coin

<ul class="news-points">
 <li>Hong Kong’s SFC warns the public against seven entities suspected of crypto fraud.</li>
 <li>The scams involved luring investors with promises of high returns, then blocking withdrawals.</li>
 <li>SFC said that investors should be aware of “too-good-to-be-true” opportunities.</li>
</ul>
Hong Kong’s Securities and Futures Commission (SFC) has issued a warning about seven entities suspected of crypto fraud, underscoring the risks facing investors in the city’s rapidly growing digital asset market.
As per the official <a href="https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=24PR117#:~:text=The%20Securities%20and%20Futures%20Commission,CEG%20(Note%202)" target="_blank" rel="noopener noreferrer nofollow">notice</a>, these entities were operating under names such as XTCQT, CEG, BTEPRO, Bitones.org, Yomaex Crypto Market Limited (Yomaex), Bstor (Bstorest), and Taurusemex.
Notably, Hong Kong, a major crypto hub in Asia, has attracted both genuine investors and fraudsters. According to the SFC’s warning, these platforms claim to offer services related to crypto trading. Some even use social media and messaging platforms to lure investors to their websites and get them to register.
After the users register and start trading, the real scam pops up. They try to withdraw the funds, only to be flagged with some warning o…
The post <a href="https://coinedition.com/beware-of-these-7-crypto-platforms-hong-kong-sfc-warns/" rel="noopener noreferrer nofollow">Beware of These 7 Crypto Platforms: Hong Kong SFC Warns</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Beware of These 7 Crypto Platforms: Hong Kong SFC Warns

Coin Edition

2024年7月6日公開の他の記事

Notcoin Price Prediction 2024-2030

Exploring 4 Tokens with Potential to Mirror Solana (SOL)'s Success

Top 5 Altcoins Under $5 to Buy in July 2024’s Crypto Market Correction

$PAW Coin Rockets to Success, Leading Hamster Kombat (HMSTR) and Oil King Pepe (OILPEPE) in Compe...

Spot Bitcoin ETFs Rally with Record Inflows Amid Price Fluxes

Unexpected Altcoins to Diversify Your Portfolio

ニュースレターを購読して暗号資産の最新情報を毎日入手！