Odaily Planet Daily News: The Hong Kong Securities and Futures Commission announced that it has listed “King Kong Coin/King Kong Fund” as a suspicious investment product related to digital tokens. The Securities and Futures Commission said the product involves a digital token named King Kong Coin, which claims to represent certain interests in a fund that invests in ancient artworks and historical relics, named “King Kong Fund,” with a target annualized return of over 30%. Promotional activities held in Hong Kong previously publicized the product to investors. The Securities and Futures Commission reminds investors to beware of any social media accounts or posts related to the product.
