SFC warns public of virtual asset trading platform MECX as suspected virtual asset related fraud.

The Securities and Future Commission SFC today warned the public of an entity purporting to operate under the name ”MECX” virtual asset trading platform.

Investors interested in cryptocurrency was asked to join social media or free investment advice, victims then were asked to deposit funds into designated bank accounts for investment purpose then was reported for difficulties with fund withdraw.

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.

Resource: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=24PR21

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