Hong Kong SFC Issues Warning to Public of 2 Suspected Virtual Asset-Related Fraud Platforms EDY & HKCEXP, Victims Unable to Withdraw Funds or Required
Hong Kong, Asia's leading financial centre Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more Caproasia Access | Events | Summits | Register Events | The Financial Centre The 2024 Investment Day | 2024 Family Office Summits | Family Office Circle This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion. 
Hong Kong SFC Issues Warning to Public of 2 Suspected Virtual Asset-Related Fraud Platforms EDY & HKCEXP, Victims Unable to Withdraw Funds or Required to Pay High Fees for Withdrawals 27th March 2024 | Hong Kong
The Hong Kong Securities & Futures Commission (SFC) has issued warnings to the public of 2 suspected virtual asset-related fraud EDY & HKCEXP, with victims unable to withdraw funds or required to pay high fees for withdrawals. Hong Kong SFC on EDY: “The Securities and Futures Commission (SFC) today warns the public of suspected virtual asset-related fraud involving a purported virtual asset trading platform operating under the name of “EDY”. EDY falsely claims to be affiliated to a financial institution in Hong Kong and a digital token system developed by another financial institution, when in fact they are not associated. Victims have reported that they are unable to withdraw funds from the platform after making deposits. While the platform’s website is now inaccessible, the public should beware that EDY may create new ones with similar domain names to mislead investors. Hong Kong SFC on HKCEXP: “The Securities and Futures Commission (SFC) today warns the public of entities operating under the name of “HKCEXP” for suspected virtual asset-related fraud, with victims reporting difficulties and payment of exorbitant “tax” to process withdrawals. HKCEXP falsely provided a fake Hong Kong address on its website to mislead investors. The SFC suspects it has disseminated other false and misleading information about itself and its business as being an SFC-registered company.” More info below:
“ Hong Kong SFC Issues Warning to Public of 2 Suspected Virtual Asset-Related Fraud Platforms EDY & HKCEXP, Victims Unable to Withdraw Funds or Required to Pay High Fees for Withdrawals “
- Article continues below - Quick Links, Ads & Announcements Caproasia Access | Events | Summits | Register Events | The Financial Centre The 2024 Investment Day | 2024 Family Office Summits | Family Office Circle Sign Up Basic Member: $5 Monthly | $60 Yearly Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680) The 2024 Investment Day 6th March Hong Kong | 13th March Singapore Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 6th March 2024 in Hong Kong, 13th March 2024 in Singapore. Visit | Register here The 2024 Family Office Summit10th April Hong Kong | 24th April Singapore Join 100+ single family offices & family office professionals in Hong Kong & Singapore Links: 2024 Family Office Summit | Register here
Hong Kong SFC Issues Warning to Public of 2 Suspected Virtual Asset-Related Fraud Platforms EDY & HKCEXP, Victims Unable to Withdraw Funds or Required to Pay High Fees for Withdrawals
Hong Kong, Asia’s leading financial centre On EDY (25th March 2024) – The Securities and Futures Commission (SFC) today warns the public of suspected virtual asset-related fraud involving a purported virtual asset trading platform operating under the name of “EDY” (Note 1). EDY falsely claims to be affiliated to a financial institution in Hong Kong and a digital token system developed by another financial institution, when in fact they are not associated. Victims have reported that they are unable to withdraw funds from the platform after making deposits. While the platform’s website is now inaccessible, the public should beware that EDY may create new ones with similar domain names to mislead investors.
The SFC posted EDY and its website on the SFC’s Suspicious Virtual Asset Trading Platforms Alert List on 25 March 2024. Online investment scams may involve any type of assets and are perpetrated through multiple channels, and falling victims to these scams can result in substantial losses. Therefore, investors should stay vigilant and beware of fraud when making investment decisions.
Note:
On HKCEXP (25th March 2024_ – The Securities and Futures Commission (SFC) today warns the public of entities operating under the name of “HKCEXP” for suspected virtual asset-related fraud, with victims reporting difficulties and payment of exorbitant “tax” to process withdrawals (Note 1). HKCEXP falsely provided a fake Hong Kong address on its website to mislead investors (Note 2). The SFC suspects it has disseminated other false and misleading information about itself and its business as being an “SFC-registered company”. At the SFC’s request, the Hong Kong Police Force has taken steps to block access to the relevant website of HKCEXP. Notwithstanding the action taken, the public should beware that scammers may continue to create new ones with similar domain names (Note 3).
The SFC posted HKCEXP and its respective websites on the SFC’s Suspicious Virtual Asset Trading Platforms Alert List on 25 March 2024. Online investment scams may involve any type of assets and are perpetrated through multiple channels, and victims of these scams can suffer substantial losses. Therefore, investors should stay vigilant and beware of fraud when making investment decisions.
Notes:
You are:
InvestorProfessionalFamily OfficeExecutive
Select:
SubscriptionMembershipEvents
Interests / Events / Summits / Roundtables / Networking:
Professional InvestorPrivate WealthFamily OfficePrivate BankingWealth ManagementInvestmentsAlternativesPrivate MarketsCapital MarketsESG & SICEO & EntrepreneursTax, Legal & RisksHNW & UHNWs Insights
Your Name*
Company*
Job Title*
Email 1 (Work / Personal)*
Email 2 (Work / Personal)
Country
New to Caproasia Learn More | Sign Up | Subscribe | Register Events Caproasia Users - Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
- Professional Investor
- Family Office
- HNW Partnership
- Family Office Circle
- Family Office Networking
- Family Office Roundtable
- The Family Office Summit
- March 2024 - Hong Kong
- March 2024 - Singapore
- June 2024 - Hong Kong
- June 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Visit: The Investment Day | Register: Click here
- The Investment Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
Owl Media Group takes pride in providing social-first platforms which equally benefit and facilitate engagement between businesses and consumers and creating much-needed balance to make conducting business, easier, safer, faster and better. The vision behind every platform in the Owl Media suite is to make lives better and foster a healthy environment in which parties can conduct business efficiently. Facilitating free and fair business relationships is crucial for any thriving economy and Owl Media bridges the gap and open doors for transparent and successful transacting. No advertising funds influence the functionality of our media platforms because we value authenticity and never compromise on quality no matter how lucrative the offers from advertisers may seem.