Hong Kong SFC & Police Issue Warning to Public of Suspected Fraud by 2 Virtual Asset Trading Platforms Operating under Names of Aramex & DIFX, Enticed
18th January 2024 | Hong Kong
The Hong Kong Securities and Futures Commission (SFC) & police has issued a warning to the public of suspected fraud by 2 virtual asset trading platforms operating under names of Aramex & DIFX, enticing victims to invest into cryptocurrencies but victims unable to withdraw funds after transfer. Both Aramex & DIFX use instant messaging or social media group chats to promote investments. On Aramex: “The SFC and the Police noted that Aramex has adopted a name very similar to that of a logistics company listed on the Dubai Financial Market, when there is no indication that they are associated. Aramex enticed victims to join social media chat groups on the pretence of offering free investment advice. On these chat groups, individuals claiming to be investment experts referred victims interested in investing in cryptocurrencies to websites operated by Aramex. Victims were then required to deposit funds into designated bank accounts for investment purposes, but after that they have not been able to withdraw their funds.” On DIFX: “The SFC and the Police noted that DIFX has adopted a name very similar to that of another cryptocurrency exchange, when there is no indication that they are associated. DIFX enticed victims through means similar to those employed by Aramex. Individuals claiming to be investment experts used instant messaging apps to refer unwary investors to websites operated by DIFX. By the same token, victims were required to deposit funds into designated bank accounts, but after that they have not been able to withdraw their funds.” See below for more info:
“ Hong Kong SFC & Police Issue Warning to Public of Suspected Fraud by 2 Virtual Asset Trading Platforms Operating under Names of Aramex & DIFX, Enticed Victims to Invest into Cryptocurrencies But Victims Unable to Withdraw Funds after Transfer, Both Aramex & DIFX Use Instant Messaging or Social Media Group Chats to Promote Investments “
- 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 | 28/2 HK & 6/3 SG Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 28th February 2024 in Hong Kong, 6th March 2024 in Singapore. Visit | Register here The 2024 Family Office Summit20th March / 3rd April HK & 3rd / 10th April SG Join 100+ single family offices & family office professionals in Hong Kong & Singapore Links: 2024 Family Office Summit | Register here
Hong Kong SFC & Police Issue Warning to Public of Suspected Fraud by 2 Virtual Asset Trading Platforms Operating under Names of Aramex & DIFX Hong Kong, Asia’s leading financial centre
18th January 2024 – The Securities and Futures Commission (SFC) and the Police today warned the public of suspected frauds involving two entities purporting to be virtual asset trading platforms (VATPs). They operate under the names of “Aramex” and “DIFX” (Notes 1 & 2). In both cases, the SFC and the Police shared intelligence under the joint working group that monitors and investigates illegal activities relating to VATPs.
Aramex
- The SFC and the Police noted that Aramex has adopted a name very similar to that of a logistics company listed on the Dubai Financial Market, when there is no indication that they are associated.
- Aramex enticed victims to join social media chat groups on the pretence of offering free investment advice. On these chat groups, individuals claiming to be investment experts referred victims interested in investing in cryptocurrencies to websites operated by Aramex. Victims were then required to deposit funds into designated bank accounts for investment purposes, but after that they have not been able to withdraw their funds.
DIFX
- The SFC and the Police noted that DIFX has adopted a name very similar to that of another cryptocurrency exchange, when there is no indication that they are associated.
- DIFX enticed victims through means similar to those employed by Aramex. Individuals claiming to be investment experts used instant messaging apps to refer unwary investors to websites operated by DIFX. By the same token, victims were required to deposit funds into designated bank accounts, but after that they have not been able to withdraw their funds.
The SFC posted Aramex, DIFX and their respective websites on the Suspicious Virtual Asset Trading Platforms Alert List on 18 January 2024. While their identifiable websites have been blocked upon steps taken by the Police, the public should beware of websites with similar domain names which may be continuously created by the two entities.
The SFC once again reminds the public to be cautious about “too-good-to-be-true” investment opportunities and advice posted on social media platforms and via instant messaging apps. The public should also be aware that fraudulent, unlicensed platforms will often adopt names similar to those of legitimate entities to confuse investors. Investors should stay vigilant against fraud when making investment decisions.
Notes:
1. Aramex claimed to be a virtual asset trading platform and operates or operated the following websites:
- https://aramexzat.com/h5
- https://aramexpro.com
- https://aramexsih.com/h5
- https://aramexeid.com/h5
- https://aramexril.com/h5#/
- https://aramexame.com
- https://aramexio.com/h5
- https://aramexgna.com/h5
2. DIFX claimed to offer cryptocurrency trading services and operates or operated the following websites:
- https://difx.hk7878.com
- https://difx.hkcharge.com
- https://client.difxa.com
- www.difx.hk787878.com
- https://difx.sattva-wealth.com
- https://bika.wealthred.com
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
- 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.