Alert! Hong Kong Securities and Futures Commission issues risk warning for virtual asset trading platforms

【Blockchain Rhythm】 The Hong Kong Securities and Futures Commission recently issued an important warning, directly pointing to a virtual asset trading platform claiming to be the “Hong Kong Stablecoin Exchange” that is suspected of illegal operation. According to the notice, the platform has serious issues: on one hand, it is suspected of operating without a license; on the other hand, it has been exposed for engaging in virtual asset fraud activities. Even more outrageous, this platform falsely claims to be “jointly established by the three major trading platforms in Hong Kong: HKEX, LME, and HK Futures Exchange,” attempting to use the names of these well-known institutions to deceive users into trusting it. In reality, these three major exchanges do not recognize this platform at all, and there is no connection between them. Such fraudulent tactics are common in the virtual asset field. Users must carefully verify the identity and background of trading platforms when choosing one, and not be fooled by flowery words.