Today, the Securities and Futures Commission (SFC) of Hong Kong issued a public alert, advising investors to exercise caution regarding dubious websites posing as authentic virtual asset trading platforms.
Specifically, the SFC has identified two platforms: HSKEX, pretending to be Hash Blockchain Limited, also known as HashKey, with URLs such as www.hskexpro.com, www.hskex.com, www.hskexs.com, and www.hskexit.com.Â
Additionally, www.oslexu.com and www.oslint.com were flagged as impersonating OSL Digital Securities Limited.
These websites replicate the branding and visual appearance of licensed platforms, potentially leading investors to believe they are engaging with legitimate entities.
The SFC’s warning follows reports of individuals encountering difficulties in withdrawing funds from these fraudulent websites and being coerced into paying excessive “fees and taxes” to access their assets.
The SFC has taken action against fraudulent activities by adding four impersonating websites to their Suspicious Virtual Asset Trading Platforms Alert List on March 4, 2024.
The SFC suggests verifying platform legitimacy through official channels like the SFC’s Public Register of Licensed Persons and Registered Institutions and the List of licensed virtual asset trading platforms. Additionally, investors are advised to verify the identity of the counterparty before sending money or participating in transactions.
More than 22 applications have been submitted to the Hong Kong Securities and Futures Commission (SFC) for licenses to operate cryptocurrency exchanges in the region.
Companies like OKX, Bybit, Bullish, Crypto.com, Huobi HK, Matrixport HK, and Gate.HK are among those seeking approval from the SFC to run crypto exchanges.
Also Read: HTX Pulls Hong Kong License Bid Days After Filing
