Hong Kong SFC and police jointly warn of virtual asset scam using the name of exchange MEXC
On 2/9, the Securities and Futures Commission (SFC) of Hong Kong issued a public warning in conjunction with the police, indicating that an entity operating under the name "MEXC" is suspected of engaging in virtual asset-related fraud. The entity claimed to be a Virtual Asset Trading Platform (VATP) and a regulated virtual asset platform in Hong Kong, attracting high attention from regulatory authorities and law enforcement.
This fraudulent platform is not related to MEXC on Twitter and is merely using the same name for fraudulent purposes.
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SFC Blocks Virtual Asset Scam Using the Name MEXC
The Securities and Futures Commission (SFC) and the police collaborated through a joint task force specialized in monitoring and investigating illegal activities on virtual asset trading platforms to share intelligence on this case. MEXC is suspected of using social media and instant messaging chat groups to lure victims by pretending to offer free investment advice.
In these chat groups, victims interested in purchasing cryptocurrencies were directed to a website operated by MEXC. Before making investments, victims were asked to deposit funds into specified bank accounts, only to later find out they could not withdraw the funds.
SFC Precautions and Reminders
On February 9, 2024, the SFC listed MEXC and its website on the alert list for suspicious virtual asset trading platforms, and the police took action to block MEXC's website. However, the public still needs to be cautious as MEXC may continue to create websites with similar domain names.
The SFC once again reminds the public to exercise caution regarding "get-rich-quick" investment opportunities and advice posted on social media platforms and instant messaging applications. Unauthorized platforms often use names similar to legitimate entities to confuse investors, so investors should remain highly vigilant when making investment decisions.
MEXC claims to be a VATP and operates the following websites:
– https://www.mexczx.icu/
– http://www.mexczx.cn/
– http://www.mexcz.icu/
– https://www.mexczx.co/
– http://www.mexc.zx.cn
– https://mexcitrade.com
– http://www.mexczz.icu
– http://www.mexczx.top
Taiwan 165 has also issued a warning regarding these domains:
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