The Hong Kong Securities and Futures Commission (SFC) recently published a list on its official website, listing 6 suspicious virtual asset platform companies. These companies are suspected of being involved in fraudulent activities and have not obtained licenses from the Hong Kong Securities and Futures Commission. , but claimed to be related to Hong Kong. After the list was released, it attracted widespread attention.
The following are the 6 companies included in the list and related information:
1. FUBT Exchange: Claims to be a cryptocurrency trading platform, provides a false Hong Kong phone number, and claims to have a business base in Hong Kong. The company was added to the list on September 22, 2023.
2. futu-pro and futubit: Use the same company logo as Futu Securities International, a securities regulatory agency licensed institution, in an attempt to impersonate a legitimate entity. The two companies were added to the list on June 12, 2023.
3. EFSPD: Claimed to have been approved by the Hong Kong Exchange to launch crypto tokens, and falsely claimed to be regulated by the Hong Kong Monetary Authority. EFSPD was added to the list on October 24, 2022.
4. JPEX (JP-EX Crypto Asset Platform Pty Ltd and JPEX Technical Support Co. Pty Ltd): claims to have obtained virtual asset trading platform licenses issued by multiple overseas regulatory agencies. The company was added to the list on July 8, 2022.
5. arrano.network: Falsely claims to be the blockchain branch of EBO Capital Asia, a company licensed by the Securities Regulatory Commission, and claims to be approved to provide virtual asset fund management services. This company was added to the list on March 22, 2022.
6. OSL trading: Using the same company logo as OSL Digital Securities, a securities regulatory agency licensed institution, in an attempt to impersonate a legitimate entity. The company was added to the list on November 18, 2021.
Upon inquiry, the official web links for FUBT Exchange, futu-pro, EFSPD and OSL transactions have expired and may have ceased operations. However, the official websites of futubit, JPEX and arrano.network are still operating.
The Securities and Futures Commission of Hong Kong urges investors to remain vigilant and stay away from these suspicious platforms, and recommends carefully verifying the legality and regulatory status of any virtual asset trading platform. The move is intended to protect investors from potential financial risks and fraudulent activities.
