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CDS Crypto News Hong Kong SFC identifies and blacklists fraudulent cryptocurrency exchange platforms

Crypto News

Hong Kong SFC identifies and blacklists fraudulent cryptocurrency exchange platforms

Blockchain security experts suggest that identifying fake cryptocurrency websites may not be straightforward, particularly for new visitors.

sevval04/03/20241 Mins read413

Crypto News– Hong Kong’s financial regulator, the Securities and Futures Commission (SFC), has taken action against fraudulent websites impersonating prominent local cryptocurrency exchanges.

Hong Kong SFC identifies and blacklists fraudulent cryptocurrency exchange platforms

In an official announcement on March 4, the SFC issued a warning regarding multiple suspicious websites masquerading as two licensed crypto trading platforms. The perpetrators behind these online schemes created fake domains mimicking two licensed exchanges in Hong Kong, namely OSL Digital Securities and Hash Blockchain Limited, also known as HashKey.

The SFC disclosed that a total of six websites were blocked, including hskexpro.com, hskex.com, hskexs.com, hskexit.com, oslexu.com, and oslint.com. This action was prompted by reports of difficulties in withdrawing funds, as well as excessive fees and commissions for withdrawals.

Following the SFC’s directive, the Hong Kong Police Force has intervened to prevent access to these fraudulent websites.

These blacklisted websites have been added to the SFC’s official crypto alert list, alongside other counterfeit platforms impersonating various cryptocurrency exchanges, such as MEXC. In a similar move on February 9, the SFC had previously identified and blacklisted eight domains impersonating MEXC.

Sources:cointelegraph

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sevval

Şevval has been actively writing since 2022 and is a third-year mathematics student at Ankara University. Her interest in writing is shaped particularly around innovative technologies such as Web3, artificial intelligence, and blockchain. She closely follows developments in these fields and aims to convey complex topics to readers in a clear and engaging manner. She enjoys combining her mathematical knowledge with technology to create content and strives to raise awareness about the digital world of the future.

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