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Hong Kong Securities and Futures Commission Warns of VEX's Alleged Virtual Asset Fraud Activities Listed on Alert List

Summary: According to reports, the Hong Kong Securities and Futures Commission has cautioned the public to beware of an entity named 'VEX/Volcano Exchange,' which is suspected of engaging in fraudulent activities related to virtual assets and has now been listed on the alert list. The Hong Kong Securities and Futures Commission stated that VEX claims to ...

According to reports, the Hong Kong Securities and Futures Commission has cautioned the public to beware of an entity named 'VEX/Volcano Exchange,' which is suspected of engaging in fraudulent activities related to virtual assets and has now been listed on the alert list.

The Hong Kong Securities and Futures Commission stated that VEX claims to be a licensed virtual asset trading platform operating in Hong Kong, but has not obtained a license. The entity also falsely claims to be in partnership with a company licensed by the Hong Kong Securities and Futures Commission, but the licensed corporation has confirmed that it has no relationship with VEX.

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Link: Hong Kong Securities and Futures Commission Warns of VEX's Alleged Virtual Asset Fraud Activities Listed on Alert List   [Copy]
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