🚨Hong Kong SFC issued a fraud warning regarding cryptocurrency exchange MEXC!👎

- On February 9, the police made public the alleged fraud involving a fake virtual asset trading platform (VATP) operating under the name MEXC.

- SFC added MEXC and its websites to its alert list for suspicious VATPs.

- The agency suspects MEXC of luring victims to social media and instant messaging groups under the pretext of offering free investment advice.

- Hong Kong SFC called on unlicensed cryptocurrency exchanges to apply for licenses by February 29 or close by May 31.